Overview
- The Italian Senate finalized the approval of the worker participation law with an 85–21 vote and 28 abstentions, implementing Article 46 of the Constitution after 77 years.
- The law originated from a Cisl-led popular initiative supported by 400,000 signatures, aiming to enhance worker roles in governance and financial participation.
- Key provisions include voluntary worker inclusion in company boards, profit-sharing mechanisms with tax incentives, and financial participation through stock plans.
- A permanent commission at CNEL will oversee implementation, resolving disputes and reporting biennially on the law’s progress.
- Critics, including Cgil and M5S, argue the law leaves participation optional and overly reliant on employer discretion, limiting its transformative potential.