Economic Satellite Businesses

We believe in an economy that is a system of relationship, an integrated dynamic network, built over time to create and exchange value. Trhough a competitive production model deeply connected to the Italian production network, Fincantieri generates additional impact for the Italian economy.

According to a Censis study, Fincantieri’s production multiplier is 4.05. This means that for every additional euro of production generated by Fincantieri, another 3.05 euros are activated in the rest of the economic sectors. In total, for every 100 euros of Fincantieri production, 405 euros of production are generated within the italian economy. Such a significant impacts reflects a procurement model that has historically prioritized the national dimension, ensuring stability, visibility in terms of employment, future planning, and both technological and dimensional growth.

Equally important is the knock-on effect in terms of employment. The effects on employment can be calculated by considering, upstream, the direct employment, that is direct employees of Fincantieri in Italy involved in shipbuilding activities, ain addition to first-tier indirect employment, that is workers of Fincantieri’s contractors, and second-tier indirect employment, represented by employees of Fincantieri’s sub-contractors and those working at the suppliers’ sites. To his final employment, it is necessary to add the induced employment generated by the consumption of the families of the employed.

• Direct and indirect effect: Fincantieri employs 11,170 individualas in Italy within the shipbuilding sector. Its presence triggers a direct and indirect employment multiplier of 5.0. This means that for every Fincantieri employee, an addittional 4.0  jobs are activated in supply sectors of the production process, which in total ammount to 44,834 jobs in the industrial supply chain (total 1^st and 2^nd tier indirect).

• Induced effect: over 14,800 jobs are generated by the spending of the families of the 56,004 workers employed directly and indirectly by Fincantieri.

• Total effect: considering the direct, indirect and induced effects, the total employment multiplier is 6.3, resultinf in a total of approximately 70,800 jobs related to Fincantieri’s shipubuilding activities.

In other words, for every 10 Fincantieri employees employed in Italy in ship design and construction of ships in Italy, another 53 are activated externally outside.