Beleaguered airline Alitalia has seen its shares suspended on the Italian stock market after they dropped 15% following last week's strikes.
Alitalia, which is 62% owned by the Italian government, has made an operating loss for the last five years.
The airline is anxious to start a cost-cutting restructuring plan. But unions have refused to accept plans to cut jobs, and staff have instead gone out on strike.
The airline had to cancel almost 1,500 flights between April 28 and May 2 because of a walkout by employees seeking to put pressure on Prime Minister Silvio Berlusconi to save the firm.
Company sources said the first three days of stoppages last week cost between €30m-€40m.
The airline's continuing woes come as Air France announced its takeover of Dutch firm KLM today.
Alitalia had hoped to join Air France and KLM in the alliance.
