Stellantis, unions agree further 480 voluntary exits in Italy

·1-min read
Stellantis logo is seen on the company's headquarters in Poissy near Paris

MILAN (Reuters) - Carmaker Stellantis has agreed with unions it will cut 480 jobs this year at its Mifariori facility in Turin through voluntary redundancies, Italy's FIM-CISL union said on Monday.

The deal was signed by all major metal workers unions with the exception of the leftist FIOM-CGIL.

Stellantis had already reached a similar accord with unions in February over more than 700 voluntary redundancies, for a total of nearly 1,200 job cuts this year in Italy.

Davide Provenzano, head of FIM-CISL for the Turin area, said that while the deadline for the voluntary redundancies was the end of the year, there was an extra incentive of 20,000 euros ($21,000) for people who left the company by Sept. 30.

A spokesperson for Stellantis, which currently employs around 50,000 people in Italy, confirmed the accord over the job cuts, saying the company had no further comment. ($1 = 0.9524 euros)

(Reporting by Giulio Piovaccari; Editing by Valentina Za)

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