Coin: new commercial partnerships very soon after Mango

A new meeting at the Mimit was dedicated to the situation of Gruppo Coin: significant progress in the company’s recovery process was presented.

Coin Excelsior in Verona is not relocating

Yesterday, 9 July, the company highlighted the positive prospects for the retention of the Verona store in its current premises. This is the Coin Excelsior on the centrally located Via Cappello.

The group then confirmed the reduction in the redundancies currently planned through the redeployment of staff and reliance on voluntary departures.

The real key news, reiterated at this highly important institutional meeting, is, however, the establishment of new commercial partnerships, as early as the coming weeks, following the first one concluded with Mango, intended to strengthen the recovery process.

Voluntary departures in Rome, Milan, Bologna and Mestre

At the same time, Coin announced expanded opportunities to take voluntary departures at the stores in Rome, Milan, Bologna, Mestre and Florence, further helping to contain the employment impact of the plan.

The reaction of the trade unions, Filcams Cgil, Fisascat Cisl and Uiltucs, was positive. While stressing what they consider to be the decisive effect of the national strike on 18 June, which involved 250 employees, they clarify that the company announced its withdrawal from the extraordinary wage supplementation fund (Cigs) procedure in Rome.

It was, in fact, announced that all the staff involved at the stores in Rome Piazzale Appio and at the Cinecittà shopping centre 2 would be fully redeployed.

Coin Excelsior, Corso Vercelli: the building, rented by the retailer, was acquired by Maghen Capital for 33 million

After Corso Vercelli, no Cigs, but work alternatives

There is also news concerning Milan. Despite the imminent closure of the Corso Vercelli flagship store, starting from 31 July, the company announced that it will not initiate any Cigs procedure, instead prioritising alternative pathways aimed at safeguarding employment, without recourse to social safety nets.

The parties also addressed the issue of opening a procedure for incentivised voluntary mobility, intended to promote the social sustainability of the reorganisation plan through incentives for female and male employees who wish to embark on new career paths, or who are at an advanced stage of their careers, supporting them towards meeting pension entitlement requirements.

The meeting at the Mimit has been rescheduled for 7 October and will be preceded by further meetings between Coin and the trade union organisations.

The discussions will continue over the coming weeks with a series of technical meetings aimed at examining the various aspects of the reorganisation plan in greater depth and verifying the implementation of the commitments undertaken by the company.

This article was translated from the original Italian version with the assistance of artificial intelligence. In case of discrepancies, please refer to the original Italian version.