BREAKING NEWS:
Alitalia workers have rejected a proposal advanced by Management AND the labor unions for significant cuts in personnel, wages and benefits as part of a refinancing package. The vote was an astounding 67% against the proposal. The Italian Government had previously warned employees that a no vote would lead to the liquidation of the company.
This serious event will certainly place Alitalia on a "cash" basis, with suppliers demanding immediate payment in cash for all goods and services. Alitalia won't be able to sustain this for more than a couple of weeks.
According to media reports, the company is in very serious risk of being liquidated.
More to come .......
http://www.ilsole24ore.com/art/noti...o-risultati-serata-152336.shtml?uuid=AEC2QcAB
http://www.repubblica.it/economia/2...ore-163780733/?ref=RHPPLF-BL-I0-C8-P1-S1.8-T1
http://www.businessinsider.com/r-al...ourse-for-administration-union-sources-2017-4
Alitalia workers have rejected a proposal advanced by Management AND the labor unions for significant cuts in personnel, wages and benefits as part of a refinancing package. The vote was an astounding 67% against the proposal. The Italian Government had previously warned employees that a no vote would lead to the liquidation of the company.
This serious event will certainly place Alitalia on a "cash" basis, with suppliers demanding immediate payment in cash for all goods and services. Alitalia won't be able to sustain this for more than a couple of weeks.
According to media reports, the company is in very serious risk of being liquidated.
More to come .......
http://www.ilsole24ore.com/art/noti...o-risultati-serata-152336.shtml?uuid=AEC2QcAB
http://www.repubblica.it/economia/2...ore-163780733/?ref=RHPPLF-BL-I0-C8-P1-S1.8-T1
http://www.businessinsider.com/r-al...ourse-for-administration-union-sources-2017-4