Italtel, what is the controlling shareholder PSC up to?
Italtel has launched a collective dismissal procedure for 123 workers out of a total of 880. According to the unions, however, it is not the company that has economic problems, but the controlling shareholder PSC which belongs to the Pesce family. Facts, numbers and controversies
Retrieved today, an article in Palermo Today dating back not even 12 months ago has something of a mockery, given that the title reads: Italtel, new course has started: "60 cuts in the last ten years, now off to hiring" .
CUTS COMING TO ITALTEL
And instead Italtel, like Vodafone, has also been affected by the crisis and also in the Palermo site of Carini, the historic "Marisa Bellisario" industrial district where 175 of the thousand Italtel workers work in the three Italian offices (about 600 are in Milan and 250 in Rome), cuts are expected: 19 units to be precise. In total, however, the cuts concern 123 jobs, mostly 86, only in Milan.
PSC'S DEBTS
Italtel has launched a collective dismissal procedure for 123 workers out of a total of 880. According to the unions, however, it is not the company that has economic problems, but – according to their press release – the majority shareholder PSC. Today the share capital is held for 54% by the PSC Group (of the Pesce family group, ed ), 28% by the Clessidra Capital Credit fund and 18% by the Tim Group, “but PSC, the main shareholder since April 2022 he is heavily in debt: he is now unloading his debts on the IT company and is waiting for the approval of the composition with creditors by the court of Lagonegro, which will take place no earlier than October", accused Roberto Dameno , union representative of Fiom, to the Lombard newspaper The Day .
WHAT THE UNIONS ASK FOR
After all, the mobilization is taking place under the headquarters of Assolombarda. "Everyone remained in their respective positions, in addition to the withdrawal of the collective dismissal procedure, we asked for a meeting with the Ministry to verify the Business Plan, the use of social safety nets – Dameno always said – we asked that the 'ad Benedetto Di Salvo and the shareholders of PSC, of the Clessidra Capital Credit fund and the Tim Group”.
THE SALE OF THE HISTORIC HEADQUARTERS IN PALERMO
At the beginning of February in Palermo, Italtel signed a preliminary sale agreement with H Exchange, a real estate company of the Hightel Towers spa group (a Roman company that designs and manages mobile telephone networks), with which the parties undertook to formalize the definitive sale of the Carini Hub by the end of March: in the coming months, the activities of the industrial complex named after Marisa Bellisario, the first Italian female manager who was at the helm of the company from 1981 to 1988 (today, in addition to Italtel, there Seli-Kab headquarters, which took over the hardware production, Alpitel, which transferred its warehouse in Palermo, the Open Hub Med consortium, Engie and some startups) will move elsewhere, always remaining in the capital.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/italtel-che-cosa-fa-lazionista-di-controllo-psc/ on Thu, 16 Mar 2023 09:57:18 +0000.