Arab Today, arab today renzi warns alitalia must cut jobs or face bankruptcy
Last Updated : GMT 15:19:21
Arab Today, arab today
Arab Today, arab today

Renzi warns Alitalia must cut jobs or face bankruptcy

Arab Today, arab today

Arab Today, arab today Renzi warns Alitalia must cut jobs or face bankruptcy

Italian Prime Minister Matteo Renzi
Rome - AFP

Italian Prime Minister Matteo Renzi on Thursday warned trade unions they must accept job cuts at flag carrier Alitalia as part of a deal with Gulf airline Etihad or face bankruptcy.
"It's clear that everyone has to make sacrifices," Renzi said, as government-mediated talks between the airline's management and unions continue over plans to axe 2,200 jobs.
"It's not about 'x' number of jobs or 'y' number of jobs being cut. It's about that or closure," he said.
Renzi praised the Etihad proposal saying it would give Alitalia "enormous potential for growth in the future".
But he added: "Now is the time for belt-tightening."
Unions have asked the company to go for salary reductions and temporary layoffs instead of permanent redundancies.
Emirates airline Etihad Airways is planning to buy a 49-percent stake in the debt-laden Italian company.
Bankruptcy for Alitalia would have a severe financial and psychological impact on Italy which is struggling to climb out of a deep recession that lasted more than two years.
Alitalia, which employs 12,800 people, is owned by about 20 companies -- all of which are private except the Italian postal service which acquired an interest of 19.48 percent last year during a capital increase.

 

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Arab Today, arab today renzi warns alitalia must cut jobs or face bankruptcy Arab Today, arab today renzi warns alitalia must cut jobs or face bankruptcy

 



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