Al Ittihad stages dramatic comeback to defeat Al Kholood 4-3 in thriller    55 Saudi companies take part in Baghdad International Fair    10,295 illegal residents deported in a week    Nazaha arrests 158 ministry employees over corruption charges    Health minister: 40% fall in mortality rates caused by chronic diseases since 2017    Arab ministerial meeting in Cairo rejects displacement of Palestinians    Venezuela frees six detained Americans after Trump envoy meets with Maduro    Saudi Arabia's non-oil exports with Gulf countries soar 43% to SR9.4 billion in November    Fitch affirms Saudi Arabia's Credit Rating at 'A+' with a Stable Outlook    Saudi foreign minister and US Secretary of State discuss bilateral relations and regional developments    Small plane crashes into buildings in northeast Philadelphia, sparking fires and injuries    Trump imposes tariffs on Mexico, Canada, and China, escalating trade tensions    Saudi Arabia mandates national attire for male secondary school students    Al Nassr signs Colombian striker Jhon Durán from Aston Villa    Al Hilal returns to winning ways with a dominant 4-0 victory over Al Okhdood    Al Ahli signs Brazilian winger Galeno from Porto on a long-term deal    Saudi composer Nasser Al-Saleh passes away at 63    Saudi drama icon Mohammed Al-Towayan passes away at 79    Singer and actress Marianne Faithfull dies at 78    Saudi Arabia launches inaugural Art Week Riyadh on April 6-13    Bollywood star Saif Ali Khan 'out of danger' after attack at home in Mumbai    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Unions reject "take it or leave it" bid for Alitalia
Published in Saudi Press Agency on 20 - 03 - 2008


Unions representing Alitalia workers said Thursday
talks set for March 25 with Air France-KLM on its buyout bid for the
Italian carrier would only go ahead if the French-Dutch airline drops
its "take it or leave it" approach, according to dpa.
Alitalia President Maurizio Prato speaking after three hours of
talks with union leaders in Rome said they had agreed to fresh talks
with Air France-KLM head Jean-Cyril Spinetta next Tuesday.
But the scheduled talks "will only make sense if there is room to
change" Air France-KLM's offer, said Mauro Rossi head of the largest
union in the talks, FILT CGIL.
Spinetta speaking on Wednesday following his first round of talks
with the unions said that given Alitalia's financial crisis there was
"very little margin" to change the conditions of Air France-KLM's
offer, including cutting some 2,100 jobs.
Meanwhile the buyout of the Italian's state controlling stake in
Alitalia has become a major issue in the campaign ahead of Italy's
April 13-14 elections.
Silvio Berlusconi, who according to opinion polls is poised to
become prime minister again, on Wednesday described Air France-KLM's
offer as "unacceptable" and called for a new, Italy-based offer.
"This operation would be backed by a string of banks ... and other
business leaders which could also include my children," the
billionaire-turned-politician said.
Berlusconi, who heads the opposition People of Freedom party, did
not provide further details on the bid, but suggested Italy's biggest
retail bank Intesa Sanpaolo would be involved.


Clic here to read the story from its source.