Italy: Poste Italiane could be the first company to try employee profit-sharing

Board participation remains the most controversial part for the introduction of an Italian profit-sharing system (see our dispatches No. 091144 and 100557), with an employers’ organization, Confindustria, that is seriously against joint management.  Therefore, it is no coincidence that the try-out is taking place at a public company.  Raffaele Bonanni, leader of the Cisl, which represents 67,000 people within Poste Italiane (out of 150,000 employees) recommends “free or easier distribution” of shares to employees and points out that including staff representatives within the board would allow defending the group’s integrity, threatened by the liberalization of services on January 1st.  However, the CGIL, open to employee profit-sharing, is opposed to employee shareholding, pointing out that implementing this system now is “strange” since the end of the monopoly could alter the group’s positive situation.  However, the newspaper says that the current changes to the group’s activity, increasingly focused on financial and numerical services (with over 14,000 offices across the country) and the decrease in mail traffic (see our dispatch No. 100419) require motivation and involvement from the workers, and profit-sharing could be a driving force.
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d allow defending the group’s integrity, threatened by the liberalization of services on January 1st. However, the CGIL, open to employee profit-sharing, is opposed to employee shareholding, pointing out that implementing this system now is “strange” since the end of the monopoly could alter the group’s positive situation. However, the newspaper says that the current changes to the group’s activity, increasingly focused on financial and numerical services (with over 14,000 offices across the

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