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Acciaierie Valbruna: Agreement Guarantees Continuity and Saves Hundreds of Jobs
🇮🇹 Italy /Economy & Trade

Acciaierie Valbruna: Agreement Guarantees Continuity and Saves Hundreds of Jobs

From Corriere della Sera · () Italian

Translated from Italian, summarized and contextualized by DistantNews.

At a glance

News Named sources Outcome reported
  • Acciaierie Valbruna has reached a 30-year land concession agreement with the Autonomous Province of Bolzano, ensuring the continuity of its steel production and safeguarding approximately 600 jobs in Bolzano.
  • The agreement includes an optional 30-year extension, contingent on the company maintaining employment levels and continuing its steel production, classified as a nationally strategic interest.
  • The deal, which also involves an inflation-adjusted annual concession fee, has received approval from the Minister of Enterprises and Made in Italy, Adolfo Urso, who emphasized the importance of continued dialogue with unions for shared development.

A significant agreement has been reached between the Autonomous Province of Bolzano and Acciaierie Valbruna, securing the future of the steelworks and its workforce. The new 30-year concession for the land in Bolzano, with an option for an additional 30 years, guarantees the company's operations and protects the jobs of around 600 employees in the region, not counting the wider economic impact.

The core of the agreement hinges on Acciaierie Valbruna's commitment to maintaining its current employment levels and continuing its steel production, a sector deemed of "national strategic interest" by the relevant ministry. This ensures that the industrial activity, vital for the region, will persist. The province retains ownership of the land, while the company will pay an annual concession fee, which will be adjusted for inflation and takes into account the company's responsibility for extraordinary maintenance costs.

Provincial President Arno Kompatscher, along with councilors Marco Galateo and Christian Bianchi, expressed satisfaction with the outcome. They highlighted the dual success of keeping the industrial area under provincial control while ensuring the continuation of strategic production and employment. The agreement is set to be formally signed before the current concession expires, with plans for a meeting with union representatives to discuss the details.

Minister of Enterprises and Made in Italy Adolfo Urso lauded the accord, calling it "what we have always hoped for." He stressed the need for ongoing collaboration with trade unions to foster shared growth, competitiveness, and job security at this strategically important site for both the region and the national industrial landscape.

Good the agreement reached between the Autonomous Province of Bolzano and Acciaierie Valbruna. It is what we have always hoped for. Now it is necessary to continue and strengthen the dialogue with the trade union organizations to consolidate a shared path that ensures development, competitiveness and protection of employment in a site of strategic importance for the territories concerned and for the entire national industrial system.

— Adolfo Urso, Minister of Enterprises and Made in ItalyMinister Urso expressed his approval of the agreement, emphasizing its importance for national industrial strategy and the need for continued union collaboration.
DistantNews Editorial

Originally published by Corriere della Sera in Italian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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