Meridiana seeks to end losses this year
Meridiana is targeting breakeven this year after several years of heavy losses. The airline, which was taken private by its owners and de-listed from the Italian stock exchange last year, made an EBIT loss of E43m (US$48m) in 2015, a considerable improvement on the 2014 deficit of E145m. It is restructuring, optimising its route network, increasing frequencies on profitable ones, and is in negotiations with trade unions over shedding staff. A March 23 deadline to reach agreement on the number of jobs to be lost passed without a settlement being signed. A new deadline of April 11 has now been set. Meridiana Fly’s operations are heavily seasonal and many of its 1,600 staff, only work for part of the year. However, due to a quirk of Italian labour law part-time staff can claim salaries year-round. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-03-28/unaligned/meridiana-seeks-to-end-losses-this-year
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Meridiana seeks to end losses this year
Meridiana is targeting breakeven this year after several years of heavy losses. The airline, which was taken private by its owners and de-listed from the Italian stock exchange last year, made an EBIT loss of E43m (US$48m) in 2015, a considerable improvement on the 2014 deficit of E145m. It is restructuring, optimising its route network, increasing frequencies on profitable ones, and is in negotiations with trade unions over shedding staff. A March 23 deadline to reach agreement on the number of jobs to be lost passed without a settlement being signed. A new deadline of April 11 has now been set. Meridiana Fly’s operations are heavily seasonal and many of its 1,600 staff, only work for part of the year. However, due to a quirk of Italian labour law part-time staff can claim salaries year-round. <br/>
