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.
The airline Air Italy announced the beginning of the collective dismissal procedure for all its 1,400 employees. The government's commitment to finance extraordinary shock absorbers was not considered enough by the liquidators of the Sardinian-Qatari airline, currently bankrupted, to postpone their initial plan, that is to liquidate the company and dismiss all its employees.
The negotiations foreseen by the collective dismissal procedure started in Olbia.
Air Italy's liquidators are currently evaluating at least three offers aiming to acquire some parts of the airline.
Updated, 11/01/2022: AirItaly has issued 1,322 dismissal letters to employees including flight attendants, pilots, and ground staff starting in early January 2022. The workers expressed disappointment with the government's response to their employment crisis during a protest march in Rome.
Eurofound (2020), Air Italy, Bankruptcy in Italy, factsheet number 99982, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99982.