Alitalia Workers Vote on Cuts to Stave Off Bankruptcy

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Alitalia employees are voting on whether to accept a government-brokered deal to save Italy's flagship airline from bankruptcy, the International New York Times reported on an Associated Press story. Some 12,500 Alitalia workers began voting Thursday on a package that eased steep cuts sought by parent Etihad Airways, and which will open 2 billion euros ($2.1 billion) in investment to keep the airline afloat. Voting runs through Tuesday. Italy's economic development minister, Carlo Calenda, has excluded nationalizing the airline, putting pressure on workers to accept the deal that foresees wage cuts of about 8 percent, down from as much as 30 percent, and reduces the number of layoffs by about one-third to 1,700. Read more. (Subscription required.)