Automotive News today reports that a new labor agreement has been reached between Fiat Group and its 86,000 Italian employees. The new contracts meant to provide a reform of sorts to the car industry there brings with it increased shifts and shortens breaks in exchange for a EUR20 billion ($26 billion) investment plan.
However, workers will also get an increase to the base pay and a production bonus worth EUR600 in 2012. The strategy is all part of CEO Sergio Marchionne’s plan to end Fiat’s losses in Europe by 2014.
"The agreement signed today signals a historic moment for our company and its workers," CEO Sergio Marchionne said in an e-mailed statement.
According to the aforementioned source, about 22,000 workers in italy made 650,000 cars in 2009, while only 6,100 Fiat employees in Poland built 600,000 vehicles. Interesting statistic, isn’t it!
"The agreement signed today signals a historic moment for our company and its workers," CEO Sergio Marchionne said in an e-mailed statement.
According to the aforementioned source, about 22,000 workers in italy made 650,000 cars in 2009, while only 6,100 Fiat employees in Poland built 600,000 vehicles. Interesting statistic, isn’t it!