Alitalia Strike Grounds 200 Flights
Alitalia Strike Grounds 200 Flights

Alitalia Strike Grounds 200 Flights

Alitalia Strike Grounds 200 Flights

A strike at Italian carrier Alitalia, placed in administration earlier this month, grounded 200 flights Sunday, the airline said, adding it managed to reassign some 80% of passengers affected.
Alitalia, which has been stacking up losses for years, was placed in administration on May 2 at the demand of shareholders after staff rejected a €2 billion ($2.3 billion) rescue plan involving pay cuts and 1,700 job losses, AFP reported.
Having ruled out nationalization, the Italian government is looking for a bidder for the company, in which UAE carrier Etihad Airways has a 49% stake.
Sunday’s strike, which affected domestic and international flights, came with talks underway on conditions surrounding the shedding announced midweek of 1,358 of the airline’s 12,500 staff.
At the start of May the government agreed a €600 million bridging loan to keep Alitalia’s planes flying for around six months while administrators decide whether to sell part or all of the company or liquidate it.
Minister of economic development Carlo Calenda ruled out nationalization earlier this month saying Italian citizens “have already paid €7.5 billion over the past few years in attempts to rescue Alitalia.”
Despite a wave of fare promotions, Alitalia has been struggling amid the uncertainty over its future as customers increasingly look to rival carriers.
Italy’s flag carrier has been mired in crisis for years. In March, the airline began yet another effort to turn things around. The plan’s wage and job cuts have since brought the unions repeatedly out on strike. Bankruptcy is looming.


Short URL : https://goo.gl/IyJgQP
  1. https://goo.gl/bqmYDQ
  • https://goo.gl/xOPc2g
  • https://goo.gl/8FXtah
  • https://goo.gl/wrgfC9
  • https://goo.gl/KqZYFn

You can also read ...

All three sides can’t agree on a few key issues.  Top of the list: The manufacturing of cars.
No meaningful progress is being made in NAFTA trade talks...
IMF Cautions Kenya on Rising Debt
The International Monetary Fund has cautioned that Kenya’s...
The rules say that EU countries should have budget deficits below 3% of GDP and public debt below 60% of GDP.
National budgets of six eurozone countries may break the...
AT&T-Time Warner Merger Case Politically Motivated
The US Justice Department’s lawsuit to block AT&T’s $85...
Credit Tightening Dominoes Threaten Asia With Hidden Risks
With Asia’s economies humming along, consumer prices rising...
Gold Inches Up as Dollar Dips
Gold prices crept up on Wednesday amid a softer dollar, with...
UK Slashes Growth Projections
Britain slashed its official projections for economic growth...
Mexico Boosts Minimum Wage
The bittersweet news for Mexico’s poorest workers: the...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.