What happens in Ansaldo Energia?
Ansaldo Energia: Outgoing managers and furious unions. Facts, names and rumors
Cassa Depositi e Prestiti is working on a new capital increase for Ansaldo Energia, the energy plant company it controls with 88 percent of the shares. Meanwhile, the reorganization of the management team has already begun.
The managing director Giuseppe Marino – who is dealing with the new industrial plan and the renegotiation of the debt with the banks – was joined by Simone De Felice, who will take care of the restructuring: his role, in fact, is that of chief restructuring officer . Indiscretions collected by Secolo XIX also speak of "six outgoing executives" from the group.
CLAUDIO NUCCI LEAVES ANSALDO NUCLEAR
One of these, the most important, is Claudio Nucci, director of Ansaldo Nucleare, a company focused on nuclear energy plant engineering controlled by the group. The newspaper describes Nucci as "the historical right arm" of Giuseppe Zampini, former CEO of Ansaldo Energia.
Nucci only took over the leadership of Ansaldo Nucleare last May, and it seems he was close to retirement. Il Secolo XIX writes that his "relationship of trust with CEO Marino and Cdp […] however seems to have suddenly failed".
REORGANIZATION OF THE BOARD OF DIRECTORS
Ansaldo Nucleare has also renewed its board of directors: Roberto Adinolfi (historic figure of the group) remains its chairman; Daniela Gentile (former director of Ansaldo Green Tech) assumes the temporary role of company head; Lorenza Franca Franzino (chairman of Ansaldo Energia) is a director.
WHO WILL BE THE NEW CEO OF ANSALDO NUCLEAR (WANTED BY CDP)?
The new CEO of Ansaldo Nucleare should take office in January: Cassa depositi e prestiti anticipated that it will be an "international" profile and that he will have the task of "guiding the relaunch" of the company. The development of Ansaldo Nucleare and Ansaldo Green Tech (the two subsidiaries most aligned with the transition process to low-emission sources) is at the heart of Ansaldo Energia's new business plan.
WHAT WILL ANSALDO NUCLEAR DO?
Specifically, the industrial plan aims to put Ansaldo Nucleare in a position to take over the projects for the renewal of European nuclear power plants dating back to the 1970s and 1980s, around one hundred and twenty. The company is already present in Romania, has signed a collaboration agreement with the US company Westinghouse Electric (which aims to build reactors in Poland) and is carrying out a project with Federacciai for the construction of a plant in Slovenia.
According to the plan, Ansaldo Nucleare will have to increase its workforce from 160 to 300 employees.
HOW THE DEBT RESTRUCTURING OF ANSALDO ENERGIA IS PROCEEDING
The agreement between Ansaldo Energia and the banks (Intesa Sanpaolo, UniCredit, Carige, BPM and some foreign institutions) for the restructuring of the debt should be concluded by November or in the first days of December; Cassa Depositi e Prestiti will then establish the amount of the recapitalization: some forecasts speak of 300 million euros.
CONTRAST WITH THE UNIONS
In a statement signed by FIM-CISL, FIOM and UILM, the unions denounce the "liquidity crisis due to the lack of recapitalization" which "is slowly killing the company: dozens of unpaid suppliers refuse to send the necessary to be able to work and refuse to come and do maintenance.” Furthermore, there would be a lack of wood for the shipping crates, broken forklifts are not repaired, the machines are stopped due to lack of spare parts and "the heaters are turned off at 10 in the morning […] and it freezes".
WHAT ANSALDO DOES TO AVOID LAYOUT
To avoid layoffs, which could start in 2023, Il Secolo XIX reports that Ansaldo Energia is looking for orders: it has started negotiations with Autostrade per l'Italia to obtain management of the maintenance of the mechanical milling machine used for the works in the sub-port tunnel of Genoa; could close an order from Elpedison for a GT36 gas turbine destined for the Thessaloniki plant in Greece; should get full payment (already received down payment) from Azerbaijan for four 94.3 turbines.
THE RUMORS
Says an internal manager at Ansaldo Energia. “After announcing his resignation to the unions if the recapitalization does not arrive by 31/12, Marino continues with the dismissals of managers: in three years, between early retirements, retirements and layoffs, at least twenty managers have been accompanied to the door. But even many of his appointments aren't having much luck. Yuri Martini, whom he brought to Hitachi Rail and put in charge of the purchasing office, has returned home; the CFO Balzarini was de facto commissioned by the chief restructuring officer Simone de Felice; new sales manager Marco Lovisolo , taken from Siemens automation, it turned out he wasn't even a graduate once hired; the head of external relations taken from Sky Marco Marino is under continuous attack by the unions".
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/energia/ansaldo-nucleare-energia/ on Mon, 28 Nov 2022 09:23:43 +0000.