Monday, January 17, 2011

Fiat Group Seals Mirafiori Deal with Unions, Marchionne Criticizes Nay-Sayers


Fiat Group CEO Sergio Marchionne�s key productivity deal won narrow backing from workers of the historic Mirafiori plant in Turin, with 54% of them voting in favor of the groundbreaking contract that limits strikes and absenteeism in exchange for investment.

The agreement enables the automaker to start building Jeep models in Italy and it�s also considered as a crucial step in Alfa Romeo�s U.S. launch. The deal was fiercely contested by a more hard-line Italian union, which threatened the deal with strikes. Fiat said last week that it�s ready to pull out altogether from the country if an understanding is not reached.

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