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Post Office, Del Fante: "No interest in Alitalia"

Poste Italiane pulls Alitalia out of the game, with Del Fante clearly denying the rumors of the last few days - During the hearing in the Chamber, the CEO clarifies the steps of the employment plan: "4 thousand entries within the year, 10 thousand by 2022" - " We will not close offices in small towns” – Customer deposits rose to 30 billion lire as at 510 June –

Post Office, Del Fante: "No interest in Alitalia"

Poste Italiane is not interested in joining Alitalia. The managing director, Matteo Del Fante, clearly stated this in a hearing before the Transport Commission of the Chamber. "We had no interest, I learned it in the newspapers", declared the CEO who seems to want to deny the rumors circulated in recent days relating to the government's willingness to let Poste enter the former national carrier, together with Fs and Eni.

Poste therefore pulls Alitalia out of the game, with Del Fante also sending a message to investors in Piazza Affari, after the losses suffered by the stock following the rumors about the movements on Alitalia. The CEO's words also affected today's performance: the company's shares fell by 1,38%, while now they are down by 0,57% at 6,94 euros.

THE SMALLEST MUNICIPALITIES

The number one of Poste Italiane then returned to focus on the group's affairs, reassuring the deputies on the permanence of the post offices in the smaller municipalities: "We officially confirm the commitment not to close the post offices in all those municipalities that have less than five thousand inhabitants”, said the CEO, emphasizing the intention to avoid “a fury on territories” that are already disadvantaged.

THE NEW ENTRANCES, TEMPORARY AND PART-TIME

Matteo Del Fante then clarified that, by the end of the year, Poste Italiane expects four thousand new entries which will reach 10 thousand by 2022, i.e. at the end of the business plan.

“Over the span of the plan – underlined the CEO – we will have an increase in admissions at full capacity of 10 thousand units about half in parcel delivery, the rest will enter post offices to expand the number of products”.

The approximately 5 expected delivery receipts over the next four years will be particularly useful for implementing the new flexible delivery model, such as the "afternoon parcel delivery" and for the joint delivery of mail and parcels. The remainder will be in financial services and insurance, with an increase in financial advisors and training and change management workers.

Great attention will then be paid to the South where, explained the manager, "1.500 hires are expected over the course of the plan".

In general, the new entries expected by 2022 are for 4.600 new hires, for 3.800 stabilization of precarious, fixed-term contracts, for 1.800 transformations from part-time to full-time. There is "the commitment - said Del Fante - by 2020 (and therefore two years in advance, ed.) to offer all part-time employees to become full-time, unfortunately the acceptance rates are quite low province by province; we are at acceptance rates of less than 50% in some areas”.

As for the expected exits, when asked by the parliamentarians, Del Fante clarified that these were not layoffs: "I took it for granted, Poste Italiane is not firing anyone, people are leaving the company with a consensual and not forced early retirement agreement". Moreover, the company has “a very high average age, over 50 years old. There is no shortage of 60-year-olds who want to retire”.

FINANCIAL DATA

As at 30 June, customer deposits reached 510,3 billion, of which 63% generated by postal savings (105 billion from passbook savings accounts and 216 billion from interest-bearing postal savings bonds). It is "a channel for financing the country's debt", underlined the manager, also recalling that Poste Italiane "invests another 140 billion euros in government bonds". "We are structurally buyers of government bonds because we believe that the task of a company like Poste is to invest in our country's bonds," he concluded.

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