Milan Stock Exchange staff walk out in historic strike

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Milan Stock Exchange staff walk out in historic strike
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MILAN — Workers waving flags demonstrated outside the Milan Stock Exchange on Thursday as they staged a historic strike to protest against the way it is being run by owner Euronext.Unions scheduled the stoppage for two hours from 3:30 p.m. to 5:30 p.m. , the end of the working day, but Euronext has said it expects there to be no disruption to trading on Borsa Italiana, the Milan exchange.The unions have accused Euronext of "constant, systematic and overall disinvestment from Italy .

There are in total around 700 employees at the Milan bourse.Lando Sileoni, secretary general of the Fabi banking union, said that a loss of strategic autonomy for Borsa Italiana was the most important of four grievances behind the strike.Speaking to Rai Italian radio, he also cited fears over potential job losses, failure to deliver on pay rises and a dysfunctional environment as the other drivers.

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