Carcano workers face uncertainty after sale to Luminovo Aluminium

Italian labor unions Uilm, Fim, and Fiom have expressed strong concern regarding the future of Carcano following the sale of a 51.58% majority stake to the Asian fund Luminovo Aluminium Ltd, which is linked to the Chinese Xiashun Group.

During a meeting at the Ministry of Enterprises and Made in Italy, the company outlined a general relaunch plan involving a 50 million euro investment to improve productivity and efficiency across its three production sites in Mandello del Lario, Delebio, and Andalo Valtellino. However, unions reported that the plan lacks specific details and includes an announcement that the Mandello site will undergo reorganization. This reorganization may involve extraordinary social safety nets, retirements, and transfers to other locations.

Union representatives stated that the lack of clarity regarding the investment plan and the proposed reorganization has caused agitation among the approximately 500 workers. They have requested a follow-up meeting at the local level by next Wednesday and a subsequent ministerial meeting to demand a detailed industrial plan.