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Ideal Standard, demonstration of workers and trade unions in Milan

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MILAN (ITALPRESS) – The workers and local and national trade unions Filctem Cgil, Femca Cisl, Uiltec Uil di Trichiana (Belluno) where the Ideal Standard plant is located, demonstrated today in Milan on the occasion of the virtual event “Together World Tour” that the Belgian multinational that owns it is promoting around Europe. The event involves the elite of Milanese designers and architects to whom the organizations ask for involvement so that in Italy there is not only conception and design but also the production entrusted to Italian workers is enhanced. Ideal Standard is a company acquired for several years with the “Leverage buy-out” technique, a finance operation aimed at acquiring a company by exploiting the debt capacity of the company itself. The workers’ representation contested the attitude of the Investment Funds that own the brand “for the now clear desire to relocate the volumes, including the last production plant in Italy, to invest profits in other sectors”. The Ideal Standard of Trichiana employs about 500 people and as many families from the community of Borgovalbelluna. However, the current management denies having decided to move all the volumes of the Belluno site. Workers also fear that the Group’s projects may also include the sale of the Ceramica Dolomite brand, a historic Italian brand created in 1965 thanks to state funds allocated after the Vajont tragedy to support the Belluno economy. Reputation Rating, an algorithm patented by the reputation analysis company Zwan, has just recently concluded an analytical study on Funds that invest in sustainable business and modalities. According to this study, the funds operating in this context recorded results with a reputational growth of 15.52%. Furthermore, if they demonstrate that they protect the know-how, the human capital and the image of the companies in which they invest, the reputational growth exceeds on average 22%. The study also shows that most of the funds operating in Italy are still far from this choice. (ITALPRESS). abr / com 21-Apr-21 18:59

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