Thursday, December 15, 2011

Fiat Italy Labor Deal: Shorter Breaks, Longer Shifts

Automotive News today reports that a new labor agreement has been reached between Fiat Group and its 86,000 Italian employees. The new contracts meant to provide a reform of sorts to the car industry there brings with it increased shifts and shortens breaks in exchange for a EUR20 billion ($26 billion) investment plan.

However, workers will also get an increase to the base pay and a production bonus worth EUR600 in 2012. The strategy is all part of CEO Sergio Marchionne's plan to end Fiat's l...

Source: http://www.autoevolution.com/news/fiat-italy-labor-deal-shorter-breaks-longer-shifts-41196.html

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