Alitalia will lay off over 2,000 remaining employees as liquidation nears
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 10 2024
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Source: Yahoo Finance
Alitalia's Dismissal Plans: Italy's former national airline, Alitalia, is initiating collective dismissals for its remaining 2,059 employees as it moves towards liquidation, with significant cuts including over 1,100 flight attendants and 82 pilots set to take effect in January.
Merger Challenges for ITA Airways: The successor to Alitalia, ITA Airways, is facing difficulties in merger talks with Lufthansa due to disagreements over the valuation of a 41% stake, exacerbated by concerns about ITA's performance in the last quarter of the year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
