Italy: Alitalia’s fate remains uncertain after CAI investors withdrew their offer

On September 18, the CAI – the consortium of Italian industrialists and financiers created to take over Alitalia's assets – refused to take into consideration the alternative proposal made by the five independent unions and by the CGIL. The government blamed the latter for the failure of the operation and threatened not to grant the social dampers used in the event of bankruptcy. The three confederations are divided and the Italian trade union landscape is shattered. (Ref. 080706)
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The applause by Alitalia’s employees after the announcement of the withdrawal of the offer made by the CAI – the consortium of Italian industrialists and financiers created in August to take over Alitalia’s assets (see our dispatch No. 080647) – were compared by the media to the orchestra playing while the Titanic was sinking. However, they very well grasped the gap between the employees, constantly on strike, and their union representatives who signed the agreement with the CAI (see our dispat

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