"It 's interesting to note that Morgan Stanley, banks historically close to Marchionne, does not consider the financial projections underlying factory in Italy, the program of 20 billion investment in 5 years presented to the Government by Fiat to double car production in the country and get the green light at the end of Termini Imerese and restructuring next venture. " So Massimo Mucchetti the Corriere della sera, 13 September, analyzing the meaning and perspectives of the so-called spin-off group, namely the separation of the auto sector and related components from the vehicle industrial machinery and earth moving equipment.
This is an operation designed to separate the "meat" that is active in production with a more secure income, which in this way will remain firmly in the hands of the Agnelli family, the production at risk, ie the car, which - despite the excellent performance of the fund "luxury" Ferrari and Maserati - do not promise anything good. And maybe be able to save themselves by merging with Chrysler, where the apparent recovery of the latter will prove effective. But that may well end up among the strongest jaws of any group, whether the financial engineering for them safe from a hostile takeover does not go into port, especially if the Euro-American vehicle market, low-range, in which Fiat will not offer breath. One breath at all unlikely.
In the same article, the Courier informs us that "according to the U.S. management consulting firm AT Kerny, the demand for cars will grow especially in Asia, while Europe and North America [ie the countries in which Chrysler would place Most of the 6 million cars that Marchionne deem essential to the survival of the group] will remain strong in absolute figure. " One thing so well known and obvious to know that maybe it was not essential to use a company "Strategic advice."
In such a context the fact that at the time of the group to divide the spoils between flesh and cartilage, the factory floor Italy - EUR 20 billion and a half million cars to be produced in its Italian plants, against the current 650 thousand - is not even mentioned is not "curious", as claimed by the Courier, but obvious.
Mucchetti merely to suggest that Italy is only one factory smoke and mirrors: "The truth is that what are the plans, speeches, and another one third are real decisions when you lay-offs, and debt Financial ... increases from 28 to 30 billion. " Italy is a factory mirror for the government and unions collaborators, most of the forest intellectuals and politicians who gave them credit not only serves to justify the closure of Termini Imerese, now discounted by at least three years, although not to see the unions - all - have continued to bury their heads in the sand. It also serves, and above all, to justify the much more substantial attack on the living conditions and working with the agreement of Pomigliano launched, but now in the pipeline for its extension to all factories of the group - and then Federmeccanica all member companies, and then the rest of Italian workers - in the name of "competitiveness."
In exchange for what? Nothing, if at the time to divide the spoils, and to secure the "swag" for Agnelli, the huge debt that the auto industry of the group should meet in order to finance that plan is not even considered. Indeed, it seems that the accounts of the first half of the year indicate even a sharp fall in investment. Moreover, even Marchionne has never taken for granted to realize its business plan, the subject always has a market recovery that none of the current ratings can be expected.
What are the actual plans Marchionne, not only for establishment of Pomigliano, but also for Mirafiori, and even Sevel Melfi, maybe you do not even know him. Wait occasion, yesterday was the Chrysler (one way to "successful", at least for now) and Opel (failure), today Serbia (which was not as quick as proposed, to put the ropes Mirafiori), tomorrow who knows ? It may also be absorption by a stronger automotive group: perhaps with a stew of Fiat, Lancia and Alfaromeo. Or even between different factories. Whose value - the stock market - will depend largely on how workers and unions have bent his head in front of his blackmail.
So what? Not only the industrial policy, and not only the policy per se, but the lives of tens of thousands workers - Fiat and industries - and the economy of the whole country can not continue to remain at the mercy of the times when you encounter Marchionne. The environmental crisis of the Earth puts on the agenda the urgent need to involve the resources and productive forces of each area in a grand plan of conversion. Fiat's plants and industries have all it takes to be gradually engaged in a course like that.
For the first time the environmental issue is confronted not only with the conveniences of the company (a subject on which they practiced for several decades, and mostly empty, despite the profusion of texts produced, the bards of the unique thought and virtues of the market), but the problem much more substantial employment and working conditions at the factory. Defending one and the other can not be done without setting the agenda, both nationally and internationally, but especially in the individual territories, from crisis situations, the subject of a conversion cycle: from production and environmentally harmful no prospect of a market to those with a secure future on a planet that is increasingly urgent to deal with the conditions for its survival. That is also the only way to prevent an irreversible decline of the country. I had added
A note that the drafting of DAILY NOT BE CONSIDERED FOR PUBLICATION
PS: I am sorry that this article is to publish a newspaper that everyone we love, forced to survive a host of advertising as a writer Oriana Fallaci who in his writings did anything to stoke a confrontation with Islam, and at the very moment that another as she is trying to focus on the planet with the same kind of offenses.
