Alitalia to cut 700 jobs

Italy's Alitalia - rescued from potential bankruptcy in 2009 - has agreed with unions to cut up to 700 pilot, ground staff, hostess and steward positions on a voluntary basis. The government is understood to be ready to hand over very generous severance packages to those who volunteer to leave. Alitalia employs around 14,000 people.

Alitalia to cut 700 jobs

Italy's Alitalia - rescued from potential bankruptcy in 2009 - has agreed with unions to cut up to 700 pilot, ground staff, hostess and steward positions on a voluntary basis. The government is understood to be ready to hand over very generous severance packages to those who volunteer to leave. Alitalia employs around 14,000 people.