New Stellantis layoffs mean over 3,000 jobs set to go in Italy [Reuters]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: Reuters
deals with unions in Italy for voluntary lay-offs, meaning the automaker could cut its workforce by a total of over 3,000 roles in the country. New deals were reached on Wednesday for over 1,000 lay-offs at facilities in Italy, including Melfi, Pomigliano d'Arco and Termoli, both for line workers and other functions, the FIOM union said in a statement, although it has not itself signed the agreements. The cuts are being driven in part by the transition to cleaner energy in the industry. They add to similar deals announced on Tuesday for Stellantis operations in the city of Turin, with as many as over 1,500 voluntary layoffs, and for the engine making facility in Pratola Serra, with 100 additional jobs involved. A deal has not yet been signed for the Cassino plant, another large Stellantis assembly facility in Italy. The company has proposed 850 voluntary redundancies for that site, FIOM had said on Tuesday, but a final deal with unions is expected to settle on a lower figure
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