Historic strikes scheduled at Borsa Italiana

Trade unions Fabi, First Cisl and Fisac Cgil have called for a strike at Borsa Italiana, the first in the exchange’s history.

The first act of the strike is scheduled for the last two working hours of 27 June, with further mobilisations slated until 13 July.

Action is being taken due to concern for job losses, a demand for pay rises and the belief that Euronext, which acquired the exchange in 2021, is making “constant, systematic and overall disinvestment from Italy” and reducing Borsa Italiana’s autonomy.

Commenting on the strike, Fisac Cgil’s Gabriele Poeta Paccati said: “We want to maintain a decision-making centre in Italy for all strategic functions of the stock exchange, including MTS.”

Responding to the planned action, Euronext has stated that it will engage in a constructive dialogue with the unions; “Euronext and the Borsa Italiana Group work constructively with trade union representatives to achieve the growth objectives of Italian companies and the group.”

©Markets Media Europe 2024

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