Struggling Italian airline Alitalia will have to shed 2,200 jobs as part of its planned tie-up with Etihad Airways, which has promised to invest €560 million, the head of the Italian airline said on Monday.
The board of troubled Italian lender Monte dei Paschi di Siena - the world's oldest bank - on Thursday approved a
restructuring plan which it said will create a "profoundly different" bank by 2017.
