Stellantis Extends Reduced Hours Scheme at Italian Plant for 5 Months: Reuters Reports

Stellantis has extended a reduced hours scheme at its Italian plant for an additional 5 months. The move is aimed at maintaining production levels amidst ongoing supply chain disruptions.

Rome - Automaker Stellantis has signed a deal with unions to extend a reduced working hours scheme for workers at its historic Mirafiori plant in northern Italy for an additional five months. This move is aimed at maintaining production levels amidst ongoing supply chain disruptions and soft demand for cars produced in Italy [1].

The agreement, which allows the company to trim labor costs, covers the period from September 1 to January 31, 2026. Workers on reduced hours will face a temporary cut in their salary. This extension mirrors similar agreements signed for other Italian factories this month [2].

Mirafiori, located in Turin, the birthplace of Stellantis' Italian brand Fiat, has long been in decline. The plant, once one of Europe's largest car factories, has seen a significant decrease in production. Stellantis is betting on the hybrid version of the Fiat 500 city car to revive the site, with production expected to start in November [1].

Gianni Mannori of the Fiom-CGIL trade union called on the company to "quickly assign another model" to Mirafiori to sustain its activity. Stellantis, formed in 2021 from the merger of Fiat-Chrysler and PSA, saw its Italian car production slide to the lowest level in almost 70 years last year [1].

References:
1. [https://finance.yahoo.com/news/stellantis-extends-reduced-hours-scheme-142227788.html](https://finance.yahoo.com/news/stellantis-extends-reduced-hours-scheme-142227788.html)
2. [https://www.investing.com/news/stock-market-news/stellantis-extends-reduced-hours-scheme-at-historic-italian-turin-plant-4215041](https://www.investing.com/news/stock-market-news/stellantis-extends-reduced-hours-scheme-at-historic-italian-turin-plant-4215041)