Finmeccanica has kicked into gear in Piazza Affari and rises by 4,37% to be the best stock of the Ftse Mib and after a suspension at the start due to an excess of upside to a theoretical +5,11%. The main basket is instead weak, down by 0,62%. The stock benefits from the agreement reached yesterday with the unions on the reorganization plan of Selex, controlled by Finmeccanica and specialized in defense electronics, and from the order for Thales Alenia Space Italia (a joint venture between Finmeccanica and Thales): a contract 322,5 million euros from the European Space Agency (ESA) which has chosen the company for the construction of the new Euclid satellite.
The Selex restructuring plan provides for a total of 2.529 redundancies, of which 1.938 in Italy, voluntary or incentivized mobility for 810 positions and, from January, the opening of another mobility for a further 800 people. And it ratifies for the first time the arrival in Finmeccanica of defensive solidarity contracts which concern around 9000 workers. The rationalization of the production sites in Italy was also confirmed: of the current 48, 26 will remain active. The reorganization is a preparatory step for strengthening Selex as a global and more competitive operator. For Banca Akros analysts, the Selex restructuring plan should involve costs of around 300 million euros in the period 2012/2015 and guarantee annual savings of 250 million starting from 2016.
