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Alitalia CEO: 2,200 job cuts expected

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CEO: Etihad is inflexible on issue of job cuts

Around 2,200 jobs will disappear at Alitalia if a deal with Gulf airline Etihad Airways goes ahead as planned, the chief executive of Italy’s flag carrier Gabriele Del Torchio says.

“Etihad is inflexible on this [issue of job cuts],” he was quoted as saying in the newspaper La Repubblica on Sunday.

As previously reported, Italy’s Labour Minister Giuliano Poletti has said that job cuts could be as high as 2,500. Alitalia management will meet unions this coming Thursday.

Another of the key issues is how to restructure around €700 million of Alitalia’s debt. Del Torchio said in the article that Etihad had asked creditor banks to write off 30% of the debt and convert the remainder into equity.

“I don’t think there are big problems on the horizon on this one,” he said.

Reuters

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