Italy to meet Alitalia executives with 1,600 jobs on the line
As the new Italian govt of Paolo Gentiloni hammers away at a rescue plan for beleaguered lender Banca Monte dei Paschi di Siena, it’s suddenly contending with another corporate crisis: the future of Alitalia. Executives from key investor Etihad Airways and Alitalia are set to meet Italian ministers Monday, Etihad carrier said Sunday. The executives will discuss new restructuring measures with development and transportation ministers in Rome, according to people familiar with the discussions. The plan could include as many as 1,600 job cuts, according the people. Time may be running short. Alitalia was notified in December by investors and creditors that it had 60 days to come up with a viable cost-cutting plan. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-09/sky/italy-to-meet-alitalia-executives-with-1-600-jobs-on-the-line
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Italy to meet Alitalia executives with 1,600 jobs on the line
As the new Italian govt of Paolo Gentiloni hammers away at a rescue plan for beleaguered lender Banca Monte dei Paschi di Siena, it’s suddenly contending with another corporate crisis: the future of Alitalia. Executives from key investor Etihad Airways and Alitalia are set to meet Italian ministers Monday, Etihad carrier said Sunday. The executives will discuss new restructuring measures with development and transportation ministers in Rome, according to people familiar with the discussions. The plan could include as many as 1,600 job cuts, according the people. Time may be running short. Alitalia was notified in December by investors and creditors that it had 60 days to come up with a viable cost-cutting plan. <br/>
