Italy: Trade Unions Mobilize Against Shipyard Privatization

19 de may de 2007

<body><div id="article"><tr><td height="28" valign="middle" width="184"></td><td valign="middle" width="185"></td></tr><h1>Italy: Trade Unions Mobilize Against Shipyard Privatization</h1><p>May 19 (EIRNS)--Italian trade unions are mobilizing against government plans to privatize Italy 's largest shipbuilding company, and outsource more than 30,000 jobs.</p><p>The National Coordination committee of the metalworkers union Fiom-CGIL denounced plans to sell 49% of the shares in Fincantieri on the stock market, as a deliberate plot to bankrupt the company. A white paper issued by the committee points out that the profit of Fincantieri is only 2% yearly--incompatible with stock market requirements. To make it "profitable" will require dismantling the productive firm, outsourcing jobs to cheaper labor in Romania , and selling the properties for real estate speculation.</p><p>Currently, Fincantieri hires 9,300 workers directly and more than 30,000 indirectly, through subcontracts. Union sources told EIR News Service that the current management has shown a reckless disregard for any improvement of the industrial capital.</p><p>The unions are confident that they can defeat the government plan. As in the past, they operate through a national coordination committee which includes the mayors of the major shipyard cities, Trieste , Genoa, Ancona, Palermo, Castellammare and Marghera. Parliamentarian Andrea Ricci, who supports LaRouche's New Bretton Woods policy, is collecting signatures for a motion to stop the sale of Fincantieri.</p></div></body>