Italy's automotive workers plan to strike on Oct. 18 over a fall in output at Stellantis

Date:

Share post:


ROME — Workers in Italy’s automotive sector will go on strike on Oct. 18, the main metalworkers unions said Tuesday, in protest of declining output from Stellantis, the biggest carmaker in the country.

The unions also called for a national demonstration in Rome on the same day.

Stellantis, which was created in 2021 from the merger of Fiat-Chrysler with PSA Peugeot, registered a sharp drop in output at most of its Italian plants in the first half of 2024, according to data provided by the FIM-CISL union.

Projections are now for just over half a million vehicles produced by Stellantis in Italy in the full year, down from 751,000 in 2023, the union said.

Over the past 17 years, the struggling carmaker has slashed its Italian production by nearly 70%.

Stellantis, which counts the Jeep and Ram trucks among its brands, is currently looking for a new CEO to succeed Carlos Tavares, in what the company described as a normal leadership succession plan. The company added that it’s possible Tavares will stay on longer.

Tavares oversaw the merger of PSA Peugeot and Fiat-Chrysler but has come under fire from U.S. dealers and the United Auto Workers union after a dismal financial performance in the first half of the year.

Its North American operations had been the company’s main source of profits, but they have struggled this year amid larger market changes.

In Italy, Stellantis has been in talks for months with the right-wing government over plans to increase output there, but no agreement has been reached so far.

In a statement issued later Tuesday, Stellantis confirmed its commitment to finding “shared solutions to address the challenges regarding the automotive sector.” The group also stressed that the energy transition is a priority that can no longer be postponed and requires “huge and urgent measures” aimed at reducing production costs.

“We are confident that close collaboration with trade unions and the Italian government will allow us to find effective and sustainable solutions for our common future, transforming this crisis into an opportunity,” it added.



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Average rate on a 30-year mortgage in the US rises to highest level since July

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week as...

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war

WASHINGTON -- Russia's third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions...

Kenya cancels airport and energy deals with Adani group after the U.S. indicts the tycoon

NAIROBI, Kenya -- Kenya’s president said Thursday he has cancelled multimillion-dollar airport expansion and energy deals with...

North Korea and Russia agree to expand their economic cooperation

SEOUL, South Korea -- North Korea and Russia reached a new agreement for expanding economic cooperation following...

Stock market today: Asian shares mostly slip despite Nvidia's solid earnings report

TOKYO -- Asian shares were mostly lower on Thursday after a mixed close on Wall Street, with...

Feds outline 'necessary steps' for Colorado River agreement by 2026 but no recommendation yet

LAS VEGAS -- Federal water officials made public on Wednesday what they called “necessary steps” for seven...

A social media ban for children younger than 16 is introduced in Australia's Parliament

MELBOURNE, Australia -- Australia’s communications minister introduced a world-first law into Parliament on Thursday that would ban...

As US ramps up nuclear power, fuel supplier plans to enrich more uranium domestically

OAK RIDGE, Tenn. -- A supplier of fuel for nuclear power plants announced a $60 million expansion...