Mexican Media Brands
Fiat Tells Unions It Can’t Afford Raises
Fiat Chrysler Automobiles has told its unions in Italy that the weak European car market makes it impossible to grant pay hikes in this year's labor talks.
#economics #labor
Share
Fiat Chrysler Automobiles has told its unions in Italy that the weak European car market makes it impossible to grant pay hikes in this year's labor talks.
The unions are insisting on an average monthly raise of €90 in 2014 and 2015 to help its members cope with Italy's lengthy recession. Both sides says negotiations have been suspended indefinitely over the wage issue.
Reuters notes that unions and the Italian government are watching this year's talks closely for signs that FCA may be less committed to protecting auto industry jobs in Italy after Fiat completed its acquisition of Chrysler Group LLC last month.
The new company plans to move its tax domicile to the U.K., list its shares on the New York Stock Exchange and make Chrysler's existing offices outside Detroit a second headquarters.
RELATED CONTENT
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.