• SPX
  • $5,808.12
  • -0.03 %
  • -$1.74
  • DJI
  • $42,114.40
  • -0.61 %
  • -$259.96
  • N225
  • $38,605.53
  • 1.82 %
  • $691.61
  • FTSE
  • $8,247.90
  • -0.01 %
  • -$0.94
  • IXIC
  • $18,518.61
  • 0.56 %
  • $103.12

Maserati workers to work reduced hours at Italy plant

By Reuters   |   Mar 20, 2024 at 07:48 AM EST
Maserati workers to work reduced hours at Italy plant

MILAN (Reuters) - Hundreds of workers producing Maserati cars at the Mirafiori plant in the northern Italian city of Turin will be placed on reduced hours contracts for the rest of the year, unions said on Wednesday.

The changes will affect a maximum of 968 workers on the Maserati line at the plant, owned by automaker Stellantis, and are a result of the timing of the transition to new models.

Such contracts are introduced in Italy when output falls and mean a cut in wages in exchange for part-time working.

Luigi Paone, general secretary of the Uilm union in Turin, said the "situation was getting ever more complicated for workers in the auto sector" in the city.

Stellantis confirmed the plans for the Maserati workers. It has already scaled back operations at Mirafiori since February because of weak demand for its fully-electric Fiat 500 small car.

(Reporting by Giulio Piovaccari; writing by Keith Weir; editing by Gianluca Semeraro and Jason Neely)

Did you find this insightful?


We are preparing, please wait

×
New Alert

Select an alert type

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.

New Alert

Setup alert

×

Premium Content

This content is only available for premium members. Please become a paid member to access.

Download App

Currently, memberships can only be purchased through the app.

×

Log In


or

download app using google store Continue with Google download app using apple Continue with Apple

Email Verification

An email with a verification code has been sent to your email address.

Welcome to StockNews!

Create Your Account

Email Verification

An email with a verification code has been sent to your email address.