Alitalia, the airline that for 70 years was the flag company of the transalpline country, is condemned to a controlled administration process. This was decided by its board of directors after its workers decided on Monday night to reject the restructuring plan that the company had agreed with the Government to deal with the limit situation. The unions had signed the company’s proposal, which involved firing some 1,000 workers from a workforce of 12,000, lowering salaries (up to 20% and an average of 8%) and the profound reformulation of the business, which leads Alitalia To a model close to a low cost. All this, of course, with a new injection of some 2,000 million of its owners: banks Unicredit and Intensa Sanpaolo and Etihad. But the workers’ vote has rejected it with a majority (65.7%) «no» and pushes the company to the abyss of its third bankruptcy in 20 years.
As it happened in this type of voting lately, nobody thought that it could win the opposite option to that posed in the name of stability. But the workers opted for a protest vote against what they considered a blackmail based on the sharp premise of «or cuts or bankruptcy.» So as the afternoon of yesterday advanced and the numbers insisted on opposing the company and the unions, the Government met urgently to study this new scenario.