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To general surprise, on 09 April during a meeting on a rescue plan for the Alco Sardinia steel facility, Carlo Calenda, Italy’s Minister for Economic Development announced that the project intended for a ‘workers association’ that would hold up to 5% of the capital of the ‘Newco’ that is to take over the production site along with Sider Alloys and the state body Invitalia, and that it would also hold a seat on the supervisory board. These arrangements are new to Italy, which previously has not had any worker or management body participation in company capital structures. The proposal has divided union opinion. The Cisl and Uil are broadly in favor while the Cgil has voiced its skepticism.
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