Alitalia in deal with unions to cut workers' salaries, CEO pay
06/06/2013 20:30
MILAN, June 6 (Reuters) - Money-losing Alitalia said on Thursday it had signed a deal with unions to cut salaries, paving the way for launching a new strategic plan for Italy's flagship airline. CEO Gabriele Del Torchio and board members have agreed to cut their pay by 20 percent, while 2,200 ground staff will work 5 fewer days per month under a state-backed scheme. "Everyone has given up something important, but in this way we have been able to safeguard jobs," Del Torchio said in a statement. The next step is launching a new strategic plan for Alitalia, he said. Alitalia, 25 percent-owned by Air France-KLM AIRF.PA , said the deal will help it achieve its cost saving targets in the short-to-medium term. The troubled airline, rescued from bankruptcy in 2008, posted net losses of 280 million euros ($365 million) in 2012 and 69 million euros in 2011. ID:nL6N0BPKLF (Reporting By Danilo Masoni; editing by John Wallace) ((danilo.masoni@thomsonreuters.com)(+39-02-66129734)(Reuters Messaging: danilo.masoni.thomsonreuters.com@reuters.net)) Keywords: ALITALIA UNIONS/