Italian Government Intervenes to Prevent 249 Job Losses at Stellantis
10 December 2024, Rome – The Italian Ministry of Economic Development (MIMIT) has brokered an agreement to halt the planned layoffs of 249 employees at Stellantis, the automotive giant born from the merger of Fiat Chrysler Automobiles and Peugeot SA.
The agreement came after negotiations between MIMIT, the unions, and representatives of Stellantis, Trasnova, Logitech, and Tecnoservice. These companies are part of the Stellantis supply chain and had announced plans to lay off 249 workers due to the economic downturn caused by the COVID-19 pandemic.
Under the terms of the agreement, Stellantis has agreed to withdraw the layoff procedures for all 249 workers. The company has also committed to invest in its Italian operations and maintain employment levels in the country.
The unions welcomed the agreement, calling it a “victory for workers”. They praised the government for its intervention and its commitment to protecting jobs in Italy.
Stellantis, which is headquartered in Amsterdam, is one of the world’s largest automakers. It employs over 300,000 people worldwide, including over 48,000 in Italy.
The company has been struggling financially in recent years due to the pandemic and the global chip shortage. In 2022, Stellantis announced plans to cut 2,000 jobs in Italy as part of a cost-cutting plan.
However, the Italian government has been working to support Stellantis and other businesses during the pandemic. In September 2022, the government approved a €2 billion loan to Stellantis to help the company invest in its Italian operations.
The government’s intervention to prevent the 249 job losses at Stellantis is a sign of its commitment to protecting employment in Italy. The agreement is also a testament to the government’s close relationship with the automotive industry.
The government’s support for Stellantis is expected to help the company weather the current economic downturn and continue to play a vital role in the Italian economy.
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Governo Italiano a new article on 2024-12-10 16:03 titled “Indotto Stellantis, accordo al Mimit: stop a 249 licenziamenti con ritiro procedure Trasnova, Logitech e Tecnoservice”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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