Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Alitalia Società Aerea Italiana, the main Italian airline, announced the hiring back of about 195 former Alitalia - Compagnia Aerea Italiana (CAI) employees.
In July 2014, CAI agreed with unions 954 direct dismissals implementing a large scale restructuring plan. The plan envisaged investments and job cuts aimed at increasing the profitability of the company and the entrance in the share capital of Etihad Airways through the creation of a new company (Alitalia Società Aerea Italiana), which acquired CAI brands and activities (please, see AlitaliaIT-2014). In accordance with Italian rules, redundant workers were enrolled in a list (the mobility list) granting them the right of first refusal on the new job opportunities.
The company has now reached an agreement with unions to increase its headcounts by 195 workers, hiring back employees from the mobility list. The new employment contracts affect maintenance sectors (140) and ground staff (55).
In addition, 115 temporary workers of the ground staff will have their contracts converted into open-ended ones.
Unions wish that the new employment will led to additional hirings in the supplier companies.
Eurofound (2015), Alitalia Società Aerea Italiana, Business expansion in Italy, factsheet number 84322, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84322.
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