By Anne Jolis, The Wall Street Journal
Mario Monti’s proposed reforms to Italy’s 1970 Workers’ Charter would supposedly deliver a labor market so liberalized that it would be “not European, but American,” according to Democratic Party leader Pier Luigi Bersani. In the words of the Italian General Confederation of Labor, Prime Minister Monti would be handing “unilateral power to businesses.”
Even applying the standard political-rhetoric discount, these are overstatements. But to employers such as Cesare and Donata Novellone, it would at least be a start.
“I hope and I think he will win, but only after some difficulty,” says Mr. Novellone, who with his sister runs Amisco, the electrical coil and valve business that their father started in 1936. “As it is today, we cannot continue like this.”