Snam Group, the biggest company in Italy for transportation, regasification, supply and storage of natural gas, signed an agreement on October 17 for a new industrial relations system with the national Filctem-CGIL, Femca-Cisl and Uiltec-Uil unions and the local union structures. Focused on full-on equality, this model follows and adjusts the path outlined by Eni, former majority shareholder in the group, which had to give up shares to be in line with Community law. (Ref. 130702)
Origins of the model. Until October 2012, Snam* was controlled by Eni, which also defined its industrial relations system. Applying the 3rd European Energy Package, which provides that hydrocarbon producers and transporters have to be separate, Eni, which owned 52 percent of shares, was forced – via a decree by the Monti administration in 2012 – to sell most of its shares. It only has 8 percent now and no voting rights or board representation. In this context, Snam has decided to get a...
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