Alitalia to sell assets, cut 1,300 jobs before Air France-KLM link-up - report
Milan (XFNews) - Alitalia SpA CEO Giancarlo Cimoli is working on a plan to sell assets and cut a further 1,300 jobs ahead of a link-up with Air France-KLM, Corriere della Sera newspaper reported yesterday, without citing its sources.
The newspaper said that Cimoli's latest plans continue to include the sale of ground operations, though he is dropping the sale of maintenance activities due to trade union opposition.
The plan includes 1,000 job cuts among flight staff and 300 from ground operations, it said, adding the government will be asked to contribute subsidies to these redundancies.
In an alliance, Alitalia and Air France-KLM would be owned by a joint holding company, in which the Italian state's stake would be 30 pct, against the 49 it currently holds in Alitalia, it said.
A separate report in Friday's L'Espresso weekly said the government is considering splitting Alitalia into two with a business carrier based in Milan, and a tourist airline in Rome.