We believe in an economy that is a system of relations, an integrated dynamic network, built over time to create and exchange value. Thanks to a competitive production model that is strongly linked to the Italian production network, Fincantieri generates additional impact on the national economy.
According to a Censis study, the Fifth Report on the Economy of the Sea 2015, every euro invested in shipyards produces a value 4.5 times greater, mostly benefitting the area where it is located, through the involvement of a wide and diverse network of companies, many of which are highly specialized small or medium-sized enterprises.
Each cruise ship built by Fincantieri develops on average € 2.7 to € 4.5 billion of business volume for the Italian System:
∼ € 600 to € 1,000 mln
Directly generated by Fincantieri
∼ € 2.1 to 3.5 bln
Additional through stimulation of satellite businesses
The impact on employment can be calculated by initially considering direct employment, that is direct jobs at Fincantieri in Italy involved in shipbuilding, to which first-tier indirect employment is added, that is jobs at Fincantieri contractors, as well as second-tier employment, represented by jobs at sub-contractors and personnel working at the supplier’s site. It is necessary to add to this final employment figure the satellite business jobs due to consumption by the families of all employees.
From the graph it can be seen that:
- the more than 10,450 direct resources at Fincantieri activate in Italy more than 61,270 employment units in industry (considering contracts and subcontracts) in the manufacturing segment;
- adding to this the induced effect of family consumption, employment reaches 97,300 units.
Considering both the effects upstream and downstream of its production organization, Fincantieri therefore has a significant employment multiplier effect of ~9.0x, confirming the broad impact the Company has on the country's economic system.