BOLOGNAFIERE: PRESIDENT AND BOARD AGREE TO REDUCE THEIR OWN SALARIES

May 19, 2020

The President of BolognaFiere, Gianpiero Calzolari, and the board of directors have agreed to reduce their own salaries by 50% in view of the delicate economic situation that the country is experiencing because of the Covid-19 emergency and the resulting lockdown. The company’s directors agreed to revise their salaries also on account of the activation of the FIS (Salary Integration Fund) procedure for the company’s employees.

The emergency caused by the pandemic has had a strong impact on the international trade fair system, which responded with large-scale postponements and cancellations of all of the events scheduled for the month of March 2020. The economic impact has also been notable for the Italian exhibition centres that each year generate a business volume of over 60 billion euros and provide crucial support for the nation’s businesses, in particular concerning exports.

“Difficult moments, just like successes, should be shared. The decision we have made was done so with this in mind. All our energies must now be channelled into getting back to business and kick-starting the economy,” announced president Calzolari, “with the hope that companies can return to work as soon as possible and begin to achieve their full potential in complete safety.”