Italy's Renzi wins vote to keep Fincantieri shipyard operating

  • 2/5/2023
  • 20:15
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ROME, Shawwal 19, 1436, August 04, 2015, SPA -- Italian Prime Minister Matteo Renzi won the backing of lawmakers on Tuesday to keep open a shipyard operated by the state-controlled Fincantieri, which prosecutors had ordered to partially close due to environmental concerns, Reuters reported. Prosecutors said the way the shipyard in the northeastern port of Monfalcone was storing its industrial waste broke environmental laws. Fincantieri said the closure order would cut its output and put at risk 1,500 jobs and another 3,000 in the plant's supply chain. Fincantieri's parent company Fintecna, which is in turn owned by state-owned holding company Cassa Depositi e Prestiti, owns 72.5 percent of the company's ordinary shares, while almost 27.5 percent was listed on the Milan stock exchange last year. The Chamber of Deputies, or lower house of the legislature, voted 364 to 185 to pass the emergency decree in a vote of confidence. The decree had already been passed by the upper house Senate. --SPA 16:03 LOCAL TIME 13:03 GMT www.spa.gov.sa/w

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