Eurallumina, two days to save the investment programme

"Despite the hope expressed by Minister Adolfo Urso following the meeting of 16 September," the problem still has no solution. "It is therefore essential to ensure Eurallumina's financial continuity in order to avert the possible scenario of company liquidation, with all the knock-on implications that this would entail after so many years of productive activity in the area.

During this period, as the unions point out, 'the Agenzia del Demanio fulfilled its obligations and promptly and formally communicated the critical situation to the Financial Security Committee and requested the same CSF to authorise the provision of the necessary funds through the Mef, as already provided for by the regulations in force on assets subject to freezing'. Result? 'To date, instead, the Financial Security Committee has not yet transmitted the outcome of the request for the activation of funds and the Mef, the ministry holding the resources, has not yet authorised the allocation indispensable to guarantee the continuity of the company's management,' the unions continue. 'Mimit is fully and constantly informed of the evolution of the dispute, but has not yet intervened politically in an adequate manner to unblock the Mef impasse.

Energy is not enough

The unions, recalling that Eurallumina, which thanks to the Dpcm energia will be able to benefit from energy measures required, has 'defined the industrial plan for the relaunch has the relevant authorisations'. "Neither the industrial nor the territorial will to follow up on the production relaunch is lacking," they argued, "all that is missing is an administrative act to release the funds already provided by law to manage frozen assets. On this assumption, the company has informed the unions that it has formally represented to the State Property Office the current cash outlook, highlighting the situation of progressive reduction of resources and requesting a formal response by 12 November regarding financial intervention by the State Property Office itself, as provided for by the regulations in force".

Board meeting convened for 14 November

That's not all: 'It was also specified that, in the absence of a positive response from the State on the financing intervention, the company will report the situation to the Board of Directors, which will be called upon to evaluate on 14 November the consequent determinations regarding the sustainability of the continuation of company management. There was also strong concern about the possible implications and consequences that the company's limited cash availability could have on the workers, should no timely solution be forthcoming'. There is also another aspect, since the Cigs will also expire on 31 December. Hence the start of the mobilisation and the request for 'immediate intervention by Mimit'.