ROME: Alitalia SpA workers voted against job reductions and pay cuts touted as the last chance for the cash-strapped Italian flag-carrier to avoid being placed under administration. Staff at the airline, which employs 12,500 people, rejected the steps brokered by management and labour leaders as part of a 2 billion-euro (US$2.2bil) refinancing package, according to…
ATHENS (Reuters) European Commission President Jean-Claude Juncker urged euro zone countries to draw up more debt relief measures for Greece next month, saying Athens needed help after making huge progress in its economic reforms. Euro zone finance ministers will meet in Brussels on May 22 to discuss progress made in talks to conclude Greeces crucial…
By Renee Maltezou and Lefteris Papadimas | ATHENS Greece’s prime minister held out for a commitment from lenders to debt relief on Tuesday, and said he was confident new talks in Athens over a long-stalled bailout review would reach a deal by a May 22 target. Talks over reforms in the energy and labor market…
Corporate insolvency in Scotland fell seven per cent last year though there was an 18 per cent rise in personal insolvencies, official figures show. The latest fourth quarter figures from the Accountant in Bankruptcy (AiB), covering the fourth quarter to the end of March, show 840 Scottish registered companies went bust in the year, down…
In an effort to continue the expansion of their ever-growing service portfolio, Unified Communications dynamo, Elitetele.com recently purchased Comms Supply, their 13th business purchase since 2008. Comms Supply, a Norwich-based business communications service provider, has been brought out of liquidation thanks to the new deal from Elitetele.com, with all employees now joining the purchasing company.…
Transline, the temporary employment agency that became embroiled in the Sports Direct scandal, has submitted court documents preparing the company for insolvency. The Guardian understands that the business has filed a notice of intention of appointing administrators at a court in Leeds, and has sounded out the accountancy firm Deloitte as a potential administrator. The…
The former parliamentarian was placed on the wanted list for fraud amounting to more than 2 billion rubles ($35m). The Sovetsky District Court in Volgograd ruled on in absentia arrest of the former State Duma deputy from the party Spravedlivaya Rossiya Oleg Mikheev. Earlier, the ex-parliamentarian was placed on the federal wanted list for…