Alitalia says workers have rejected restructuring deal


AFP

ROME — Alitalia workers have rejected a restructuring deal from the company’s management and unions to save the ailing carrier, the company said Tuesday. Almost 90 percent of its 12,500 employees participated in a vote and more than half those taking part opposed the deal. The government had warned that there was no alternative to the plan, which called for 1,700 job losses and an 8-percent salary cut. The company’s coffers are empty.

Italian press reports said Alitalia directors may as soon as Tuesday — a public holiday in Italy — ask the state to call in special administrators to prepare a possible takeover or liquidation. The company is de facto controlled by Etihad Airways, which acquired a 49-percent stake when it saved Alitalia from bankruptcy in 2014. The pressure to find a solution has been intense, with Alitalia’s cash expected to run out this month unless the carrier finds emergency funding, leaving its fleet grounded. Etihad and Italian banks Intesa Sanpaolo and UniCredit have said they would only inject new funds if the unions agree to the new collective labor agreement and cuts.