Poste Italiane
[10] In February 1998, the Ministry of the Treasury (The Prodi I Cabinet) appointed Corrado Passera as the CEO of the newly formed joint-stock company Poste Italiane.[13] According to trade union leaders, there was a casualization of contracts for new recruits, cases of widespread harassment, and resignation because of workload due to the excessive staff cuts.The company offsets these losses by replacing them by recruiting many young workers under the age of 24 and giving them three-year apprenticeship contracts.[19][20] Current CEO Matteo Del Fante stated in November 2018 that the company’s intention is to preserve post offices and take specific measures for smaller Italian cities.On 25 May 2016, a further 35% stake was transferred from the ministry to Cassa Depositi e Prestiti (CDP), making it the minority shareholder of the national investment bank.[4]The company operates in the fields of logistics, mail and parcel delivery, financial and insurance services, payment systems and telephony, with activities divided into four different business areas.[4] Being the first postal operator in Italy, the Group provides mail and parcel delivery services using its own multi-channel distribution platform.[28] It also handles the collection and management of postal savings, which are issued by Cassa Depositi e Prestiti in the form of interest-bearing bonds and passbooks.Poste Assicura offers various insurance products that cover protection against accidents, civil and general liability, fire, property damage, and pecuniary losses.