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.
For salaried employees and middle managers who have not yet reached retirement age, incentive is categorized by age. Unions have agreed on a new tool to encourage re-employment of white-collar workers and middle managers. In this case, the employment relationship with Stellantis will be terminated if the person accepts, again on a voluntary basis, another already established position in another company.
The agreement with Stellantis was not signed by the most powerful Italian metal guild, FIOM. The trade union has complained that Stylantis has already cut 4,000 jobs in Italy since 2021.