Italy’s flagship air carrier Alitalia plans to cut 5,000 jobs as part of restructuring efforts aimed at averting collapse, reports and an industry source said tonight.
The cuts are almost a quarter of Alitalia’s 22,000-strong workforce.
ANSA and other news reports cited union sources. An industry source confirmed the reports.
Alitalia was meeting with union leaders at the company’s headquarters in Rome to discuss the restructuring plan.
The approval of the recovery plan is crucial to the company’s survival as it would allow Alitalia to access a £287 million loan approved by the Italian government and the European Union.
Without the loan, Alitalia says it has enough liquidity to pay salaries only until the end of this month.