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.
Meridiana fly, an Italian flight operator part of the Alisarda group, is to dismiss 514 workers, at its base of Olbia (Sardinia) out of at total 1,800 employees.
The management is currently agreeing the entrance in the share capital of Qatar Airways. The job cuts are one of the conditions required by the state-owned Qatar flight operator in order to reach a partnership agreement.
After the initial intention to lay off 901 workers, on 23 March, during the negotiation held at the Ministry of Economic Development premises, the company announced its intention to open a mobility procedure for 514 workers by the 10 April. The decision will affects 433 flight assistants, 48 ground stewards, and 33 maintenance workers.
Unions have not accepted the plan and claim that the redundancies should be spanned also over Air Italy. This is a low-cost flight operator of Alisarda, which applies a collective bargaining entailing lower wages than the ones applied to Meridiana fly workers.
The company and the government representatives are trying to speed up negotiations with unions, as delays may cause Qatar Airways to withdraw its offer, and this entails a serious risk of closure of Meridiana.
For previous restructurings announced by the group, see Meridiana flyIT-2014, MeridianaIT-2004.
Update 27/06/2016: The management accepted to reduce dismissals to 396 workers, and committed to grant dismissed workers priority over hirings taking place during the next three years. The parties also agreed wage cuts for the staff of the Meridiana group, mainly affecting pilots.
Eurofound (2016), Meridiana fly, Merger/Acquisition in Italy, factsheet number 86927, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86927.
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