Giorgetti accelerates on corporate crises, ArcelorMittal and Alitalia the priorities – The government accelerates on the crisis tables. The day saw the Minister of Economic Development, Giancarlo Giorgetti, engaged in two of the hottest disputes of the moment, that of ArcelorMittal and that of Alitalia. On the first front, the owner of the department of via Veneto stressed that “we need an industrial policy and not a mere financial policy”. The 400 million euros “to be paid by Invitalia”, he added, will arrive “if the necessary reassurances reach the Mef in the coming weeks”.

On the side Alitalia, on the other hand, during the new interview with the European Commissioner Margrethe Vestager, which was also attended by the heads of Mef, Daniele Franco, and Mims, Enrico Giovannini was defined the goal to have a solid company that can start operating as soon as possible in the sign of discontinuity. Updates in the coming days in light of further technical insights. For her part, the commissioner defined the meeting as “constructive”.

In total there are 99 crisis tables inherited from the Draghi government for a total of 55,817 workers involved. And to cope with this, Giorgetti, in concert with the Minister of Labor, Andrea Orlando, has created a special “Structure for business crises”. This will be the reference task force for dealing with old and new disputes.

Ex Ilva: Giorgetti, we need an industrial plan

“We need an industrial plan and not a mere financial policy”, Giorgetti told the unions while a garrison of workers outside the department was taking place. The minister confirmed that the 400 million euros to be paid by Invitalia are ready, but will arrive only after the deepening of the Mef has been completed. Giorgetti did not disavow the agreement signed by the Conte II government, but he wants to see clearly also in light of the judgment opened before the Council of State which will decide on the fate of the plant in mid-May.

The government is also looking at the business plan result of the December agreement between Ilva in extraordinary administration, owner of the plants, and ArcelorMittal, manager of the same. “With obvious institutional grace” the ministers expressed that “they are not satisfied and are not calm with the agreement made on 10 December and this is news”, said the general secretary of Fim Cisl, Roberto Benaglia.

“The horizon – he added – is that the ministry and the minister want to completely review the agreement. How can he do it, if a new agreement is made, this remains to be seen”. Francesca Re David, general secretary of Fiom, stated that the government “is studying the industrial plan which has aspects that do not fully convince them before a strong investment through the resources of the Recovery Fund”.

Alitalia: towards revision of the Ita plan

Giorgetti, together with Giovannini and Franco, is at the forefront of solving the Alitalia dossier. The government is accelerating the dialogue with the Competition Commissioner Vestager to get the green light for the sale to the newco, Ita, of the aviation branch. Handling and maintenance will instead be put up for tender. “The objective of the departure of the newco Ita is by June-July. For this we must accelerate. The time factor is decisive. It is our interest that Ita leaves as soon as possible. We are already late, Ita should have been operational as early as April”, Giorgetti said during a hearing on Alitalia last week.

In any case, the plan presented last December by president Francesco Caio and CEO Fabio Lazzerini is e it will be profoundly modified. At least initially a leaner structure will be created with a maximum of 45 aircraft (52 in the December version) with a maximum of 4,500 employees compared to the 5,500 of the initial plan.

The “Structure” arrives

For the management of corporate crises, the Mise has decided to make use of a new coordination body, a “Structure”, which will have the task of “supporting the top political-administrative bodies in identifying and managing crises of enterprise “. For each corporate crisis, the Structure will take care of providing the necessary analyzes and insights, also providing for the “confrontation with the social partners and with the institutions concerned”.

These insights concern the characteristics of the company, its financial statement indicators, as well as the state of crisis and the economic and employment impact on the territory. At that point, it will elaborate “intervention proposals”. The Coordinator is appointed, with a renewable assignment lasting one year, and his organization will also include two representatives from the Ministry of Economic Development, two from the Ministry of Social Policies and one from Unioncamere.

The other ‘hot’ dossiers

There are many and some almost ‘historical’, like Blutec, Bekaert, Embraco and Italian Bus Industry. In the steel industry, in addition to the former Ilva, the former Piombino steel plant today Jsw, the former Alcoa of Portovesme and the Acciai Speciali di Terni, offered for sale by ThyssenKrupp. But the aeronautical and petrochemical sectors are also of concern. Among the hot tables, there is certainly the ‘case’ of the establishment Whirlpool of Naples, closed since last October by the will of the American multinational. A few days after taking office in Mise, Giorgetti had let the president of the Campania Region, Vincenzo De Luca, know that he was following the situation “personally”, “trying to give substance to a possible solution”.

On this, the unions want to see clearly, expressing “strong concern” for the stalemate of the affair due to the government crisis of the previous months and for this reason they continue the state of agitation asking for the convening of a national table.



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