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Financial Participation

In Italy, there are three major trade unions (CGIL, CISL and UIL) with different views on employee financial participation. Socialist and communist confederations tend to be more hostile to workers’ financial participation than liberal, social democrat or Catholic confederations.

 

In most cases, unions criticize what they regard as the minimal opportunities that share ownership schemes provide for greater employee involvement in corporate governance. Union confederations have opposed financial participation in the past in cases where employers explicitly coupled it to stronger wage flexibility. Generally speaking, the CGIL adopts a somewhat more critical attitude to financial participation schemes than the CISL and UIL.1

Wilke, Maack and Partner (2014) Country reports on Financial Participation in Europe. Prepared for www.worker-participation.eu. Reports first published in 2007 and fully updated in 2014.