Italy's auto groups seal deal with unions over pay rise
08/03/2023 09:57
MILAN, March 8 (Reuters) - Italy's largest automotive
groups, led by Fiat-maker Stellantis STLAM.MI , on Wednesday
signed an agreement with unions for a 6.5% salary increase from
this month for workers at their Italian operations, unions said.
As part of the agreement, wages will increase by a further
4.5% from January next year, while workers will also receive a
one-off sum for a total of 600 euros ($632) to be paid in three
tranches over this year.
The agreement, for which talks officially kicked off at the
end of October, covers almost 70,000 workers at Stellantis,
Ferrari RACE.MI , Iveco IVG.MI and CNH Industrial CNHI.MI .
($1 = 0.9490 euros)
(Reporting by Giulio Piovaccari
Editing by Keith Weir)
((giulio.piovaccari@thomsonreuters.com))