If you want to read about the latest news, go on the local paper web site: VARESE News: http://www2.varesenews.it/articoli/2002/giugno/economia/18-6cagiva.htm

Then use a free translator to get it in your language.

Jan 20 2003:

Perhaps bureaucratic problems, sure a difficulty in advanced stage of ricollocazione of the workers in the several centers. Insomma, those that perhaps delay the "passage of deliveries" between the property are alone inciampi in a passage that it is revealed very complex, but the worry of the workers continuous: one of the probable effects of these last delays is that the unemployment compensation, previewed until fine june, ends in order to continue also all July.

A worry that seemed vanished, with the last coming from news from the mayoralties, regarding just scorporo and the subdivision of the three societies. But the terms are jump you for ennesima the time and the perspective of a unemployment compensation that extends for all the summer becomes more and more concrete.>

-- o (okthomas@tir.com), January 25, 2003

Answers

Me again The all translation did not show, I am trying again to post the all article: Not placa the uncertainty for the workers of the Cagiva, that they are in unemployment compensation and waited for contemporary of the passage of property of some divisions of the motorcycle company: within past friday it would have had to be carried out an important step, the cession of the presidency of one of three coppers of the Cagiva from Castiglioni to one of the Piaggio men, but also this time the terms for the cession of part of the Cagiva from Castiglioni to the Piaggio group is jumped.

Perhaps bureaucratic problems, sure a difficulty in advanced stage of ricollocazione of the workers in the several centers. Insomma, those that perhaps delay the "passage of deliveries" between the property are alone inciampi in a passage that it is revealed very complex, but the worry of the workers continuous: one of the probable effects of these last delays is that the unemployment compensation, previewed until fine june, ends in order to continue also all July.

A worry that seemed vanished, with the last coming from news from the mayoralties, regarding just scorporo and the subdivision of the three societies. But the terms are jump you for ennesima the time and the perspective of a unemployment compensation that extends for all the summer becomes more and more concrete.

-- o (okthomas@tir.com), January 25, 2003.

I believe that the article you posted is an old one. It dates back to June 2003. The latest news on varesenews.it can be read at http://www2.varesenews.it/articoli/2003/gennaio/economia/17-1cagiva.htm I will try to translate in english: "After one year of ordinary cassa integrazione (a term used to indicate that MV's workers receive money from the state without working) for about 250 workers, the production practically stopped, the unsuccessful deal with Holding Piaggio, the freezing of debts, the successful deal with the sindacates of december 6th and the agree with Intesa Bank BCI to give money to start the production again, it finally seemed to be at the end of troubles for MV employes. Unfortunately it is not so; workers in fact, not only did not receive their 13th salary rate,but are still waiting for the money of december and it is not yet possible to understand when they can get it. It seems a mistery, no one is able to give explanations; nevertheless, those workers who are under the regimen of cassa integrazione, do not obtain neither the poor salary of 610 euros. Rumours seem to indicate that the cause of such a situation is due to terrible Italian burocracy, but the condition of workers is getting really bad. The sindacates are thinking of the most opportune ideas to change the situation". Sorry about my poor english! However, other local newspapers two weeks ago revealed also positive news, especially those related to the banks, which gave their OK to a financial plan to help MV. You can read the same good news also on the website of the italian magazine Motociclismo at: http://www.motociclismo.it/edisport/moto/Notizie.nsf/AllDocID/IE55F9FE67C6CE44BC1256CAE0053242B?OpenDocument

Giacomo

-- giacomo savini (giacomo.savini@fastwebnet.it), January 25, 2003.

Thanks Giacomo

-- o (okthomas@tir.com), January 26, 2003.