Tuesday, September 2, 2014

TRAINS Ntv at risk survival

The society of Italo could ask the mobility for 300 employees in 1000. Weigh the debt, but the management tip your finger against the government: "penalized by the increase of energy". Gasparri: "I am almost bankrupt, be careful to buy the tickets". The company: "sad way of doing politics"
I treni Ntv a rischio sopravvivenzaROME -  Ntv precipitates in the crisis. In the next couple of weeks, the company was founded in 2006 by Luca di Montezemolo, Diego Della Valle, Gianni Does Not Contain Punch and Joseph Sciarrone returns to compete with Trenitalia on high-speed rail, could announce the start of procedures for the mobility (in fact, the antechamber of the dismissal) of 300 employees out of a total of just over a thousand units already in contract of solidarity. A cut of 30% of the staff that it will not - in the case to fruition - not to affect the operation of the company. With effects also on the armature where is busy another thousand workers. In other words Ntv (New passenger transport), together with its train Italo product by the French of the Alstom, is likely to not survive, with losses that are arriving to 156 million in two years, a total debt to share 781 million and with a capital that only in the first quarter of this year is reduced by a third. Despite a considerable increase in the turnover in the years of activity, with the passengers changed from two million to 6.2 million. The coup de grace according to the vertices of the company, after the price war unleashed by Trenitalia (Ntv has submitted an appeal to the anti-trust) and the lack of an Authority for the sector, arrived with the decree competitiveness of the Minister of Development, Federica Guidi: end the tariff regime facilitated, introduced in 1963, with an increase in the cost of 15-20 million a year from 2015. An unsustainable level for the company that already is paying 120 million a year for access to the network. Ntv has tried to change the measure but without results. The Guidi and remained on its positions. And this, perhaps, helps to explain the reasons for the harsh polemic to distance between the valley and the minister. With the first who spoke of "incompetent persons and inexperienced" to guide the development and the second that has defined Mr. Tod's "a great entrepreneur that some time ago the columnist". Ntv has already reviewed the contracts with the suppliers, has cut the salaries of executives, has applied the solidarity contracts. On the front of the debt has been entrusted to the investment bank Lazard Frères to negotiate the restructuring of the exposure with the creditor institutions, head in understanding. Now be prepared to a clean cutting of the organic. But all of this could not be sufficient without new capital and without the side of politics. Well other than that "offer" yesterday by the vice-president of the Senate Maurizio Gasparri (Fi) that twitter has written: "You are almost bankrupt, risky buy tickets sold by NTV". The replica of the company: "Are messages that belong to an old policy, bearer of values exceeded and the culture of monopoly to the good of the country, competition and the benefits of an open market, prefer, against the citizens, the punitive return to protected market. A sad way of doing politics".