Air Malta is planning cost-cutting measures worth €6 million, which may include job cuts and a wage freeze, following the government's failed attempt to sell a stake in the airline to Alitalia. The government however this morning denied that the airline would try to "go it alone" without strategic partners, saying it was talking with a number of interested parties but it would proceed with caution, while also considering the option of Maltese investment. It made no reference to the cost-cutting plan but said it would 'continue' to talk to the workers and their representatives. The new plan envisages a €6 million saving through the axing of a significant number of jobs, particularly among flight crew. This means Air Malta would need to either sack or make voluntary redundancies among pilots, first officers and cabin crew. The airline has dropped a number of unprofitable routes in a bid to balance the books. Further cost-cutting would take place in the ground handling operations either through privatisation or re-negotiated collective agreements. The plan also proposes the possibility of a wage freeze so that Air Malta employees would not receive their annual salary...
from timesofmalta.com http://ift.tt/2jbChOg
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