Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Italy state railway adds 300-euro bonus to help staff with cost of living

Published 25/11/2022, 20:27
Updated 25/11/2022, 20:55
© Reuters. FILE PHOTO: An Italian railway group Ferrovie dello Stato (FS) logo is seen at the Bologna Central Station, in Bologna, Italy February 2, 2018.  REUTERS/Alessandro Bianchi

MILAN (Reuters) - Italy's state railways company Ferrovie dello Stato said on Friday it will grant its staff a 300 euro additional bonus this year under a scheme approved by the government to help soften the impact of the rising cost of living.

© Reuters. FILE PHOTO: An Italian railway group Ferrovie dello Stato (FS) logo is seen at the Bologna Central Station, in Bologna, Italy February 2, 2018.  REUTERS/Alessandro Bianchi

Ferrovie said under an agreement with unions it will give its staff the additional credit to pay expenses such as energy bills, public transport and gasoline. Ferrovie employs some 82,000 workers in Italy.

Earlier this month the government approved legislation to forego taxation on so-called fringe benefits paid to employees this year for up to 3,000 euros per worker as part of a 9 billion euro aid package to help firms and households with decades-high inflation rates and increased energy prices.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.