Reported 25 days ago
Italy plans to appoint Marcello Sala, head of a ministry overseeing state firms, to the supervisory board of chipmaker STMicroelectronics. This decision comes amid dissatisfaction with the company's CEO and concerns over potential job cuts in Italy, with unions warning of over 2,000 layoffs. The appointment will need approval from the board and shareholders in a forthcoming meeting.
Source: YAHOO