After last week of canceling flights and Italian Prime Minister Silvio Berlusconi’s comments, everyone was waiting for the final shutdown. But yesterday, the airline’s largest labor union reversed course and agreed to concessions contained in the rescue plan
proposed by investment group CAI, which now may include Air France KLM.” The Italian media has reported that Air France – KLM is interested in taking 10-25% stake.
From ATWOnline -
CGIL dropped its prior opposition to the CAI deal and agreed to
concessions, including more than 3,000 job cuts. Flight attendants and
pilots still had not agreed late yesterday, but labor leaders
representing the groups reportedly were in meetings in Berlusconi’s
office last night and are under pressure from CGIL and other AZ unions
to sign on.CGIL head Guglielmo Epifani indicated that the
union had convinced CAI to sweeten its offer in terms of worker
benefits, saying at a news conference that the new deal is an
“absolutely positive comprehensive agreement. . .I’m confident that
with the gains we won it will be possible for those who have not yet
subscribed to the accord to reconsider and contribute to the
re-launching of the company.”
