(Finance) – The union agreement has been signed which ends the dispute among the unions – Fabi, First Cisl and Fisac Cgil – Euronext Italy on employment, working hours and salary. A dispute culminated in the strike last June.
The agreement signed with the main unions provides for the employment stability for the next three years, working hours flexible to ensure work-life balance e protection of purchasing power thanks to one-off bonus of 2,000 euros (1,000 euro cash and 1,000 euro welfare) recognized to all employees, plus health care for another four years, and other financial recognitions given to ad personams.
“This is a result achieved over months of intense, tiring work, which required making important and often difficult decisions”, comments the delegate of the Fabi national secretariat for the Borsa Italiana group, Sergio Castoldiadding “a work that has finally led to a result that we believe is fundamental for the future of this group and of all of us, and which for this reason involves the lifting of the state of agitation on our part. For all these reasons we believe that the one achieved is a historic agreement, made possible by the formidable and cohesive teamwork of all the trade unions and all the companies in the group.”
“Three excellent agreements that respond to the needs of employees and open the doors to a season of profitable union relations”, he underlines Gabriele Poet Paccatinational manager for Fisac Cgil of the Borsa Italiana group, adding “we are confident that from the presentation of the industrial plan of the Borsa Italiana Group, scheduled for November 7th, the confirmations we expect will arrive regarding the group’s commitment to maintaining employment and the professional growth of colleagues in Italy”.
“As part of the preparation of the Euronext strategic plan 2024-2027 – underlines a note from Euronext – the Group, recognizing its role as key infrastructure for financial markets Europeans and Italians, is committed to consolidate and expand its activities in Europe and Italy, reaffirming its commitment to the future of all its markets. This includes continuous investments along the entire value chain of capital markets in Italy, in particular in Listing, Trading, Clearing, Settlement and related services”.
“Significant investments since Borsa Italiana joined the Group – he continues – include the migration of the core data center to BergamoItaly, in 2022, which now processes 25% of stock trading in Europe; the expansion of Optiq trading platformconnecting Italian markets to the largest liquidity pool in Europe; the maintenance of full control of the technology and future developments in Europe and Italy, as demonstrated by the acquisition of MTS and Euronext Securities Milan technology from Nexi; The strengthening of Euronext Securities Milan and the acquisition of shareholder and tax registry services and the positioning of Euronext Clearing in Rome as a clearing house for the stock, derivatives and commodity markets in Europe. These investments have increased employment of Euronext in Italy, with over 100 new positions. The Group aims to keep its employment levels at least stable in Italy, focusing on organic growth“.