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Automaker Stellantis cuts 1,820 jobs in Italy

Automaker Stellantis cuts 1,820 jobs in Italy

Italian car maker Stellantis agreed with the metal unions on 1820 voluntary resignations in Italy. This corresponds to 3.7 percent of all jobs in Italy, where Stellantis employs about 49,000 people. Some institutions have already made arrangements for a total of 752 voluntary layoffs, while others have initiated procedures for the remaining 1,068.

Unions reported Thursday that for those able to retire within 48 months, the incentives will be designed to give them 90 percent of the salaries of the first 24 months and 70 percent of the salaries of the remaining 24 months. For workers who do not retire, the bonus is 24 months’ salary, with a minimum of €55,000, to which is added €20,000 if employment is terminated by September 30th.

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