Union Protests in Amag: "After 40 Days, They Finally Meet Us"
In the rapidly evolving business landscape, the Amag Group, a significant player in the aluminium industry, finds itself at the centre of growing concerns from trade unions. The unions, including Filctem-Cgil, Femca-Cisl, Uiltec-Uil, and Rsu, have sent a meeting request following June 30th, citing a growing concern among workers.
The current operational environment of the Amag Group presents daily challenges, according to Iennaco. These challenges include obtaining data, understanding roles, and solving problems. The unions share these concerns, with Luca Burzi, a representative from Uiltec-Uil, stating that they are not seeking culprits but answers.
The unions' primary concern is the stability of the Amag Group. Roberto Marengo (Femca-Cisl) voices his worry about the lack of a clear management vision, particularly in relation to the use of PNRR funds and formalization of water management. Marengo emphasizes that Amag is a public good, and no one should rejoice if it's in trouble, but neither should they just stand by and watch.
Despite the ongoing uncertainties, the financial performance of the Amag Group for 2024 and the first half of 2025 shows some positive signs. The company reported solid shipment volumes and increased revenues, with revenues rising by about 11.1% to EUR 786.2 million compared to H1 2024. However, earnings pressure was faced, with EBITDA declining by about 15% year-on-year to EUR 80.6 million in H1 2025.
The delay in approving the balance sheet is attributed to previous issues, but the internal structure that handled this has been dismantled in recent years. The person who designed the current reorganization of the Amag Group is no longer present, and there is uncertainty about who is capable of completing the balance sheet task.
Historical figures have been replaced by consultants, and Luca Burzi expresses a fear of a return to the past, without specifying the past events he is referring to. After the scheduled meeting on August 5th, the trade unions will evaluate how to proceed. The meeting between the Amag Group's management and trade union organizations is a crucial step towards addressing the unions' concerns and ensuring the stability of the Amag Group.
The unions remain on alert, with no mobilizations declared yet, but maximum attention is being paid. The trade union organizations are seeking reassurance about the stability of the Amag Group and are critical of the delayed responses. They demand clarity on the use of PNRR funds and formalization of water management. As the situation unfolds, the future of the Amag Group hangs in the balance, and the upcoming meeting on August 5th promises to be a pivotal moment.
- The unions' primary concerns about the Amag Group extend beyond the workplace-wellness of their members, encompassing the company's financial performance and its strategic vision, such as the use of PNRR funds and formalization of water management in the health-and-wellness and science industries.
- As the Amag Group navigates through the challenges of its current operational environment, the unions are actively seeking answers from the business sector, especially about the company's financial stability, which is crucial to the aluminium industry as a public good.
- In the evolving business landscape, the meeting between the Amag Group's management and trade union organizations is not just a routine event, but a significant stride towards addressing the unions' concerns, ensuring industry-wide workplace-wellness, and maintaining the company's financial performance in the context of health-and-wellness and finance.
