The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.10 - Manufacture of motor vehicles
2,000 jobs Number of planned job losses
Announcement Date
27 February 2023
Employment effect (start)
27 February 2023
Foreseen end date
31 December 2023
Description
Stellantis, a company headquartered in Amsterdam, active in the production of motor vehicles, reached an agreement with the trade unions (Fim, Uilm, Fismic and Ugl) on a maximum number of 2000 voluntary departures by 31 December 2023. The exits will mainly concern the Mirafiori plant and the commercial sector in Italy.
In order to determine the exits, it is first envisaged that for workers close to retirement (four years) an incentive (in addition to unemployment) equal to 90% of salary for the first two years and 70% for the remaining two, in addition to voluntary contributions, will be granted. For workers who do not meet the pension requirements, the incentive is equal:
- 24 months' salary and €30,000 for workers over 50 (with a minimum of €55,000);
- 18 months' salary and €30,000 for workers between 45 and 49;
- 12 months' salary and €20,000 for workers between 40 and 44;
- 6 months' salary and €20,000 for workers between 35 and 39.
Moreover, an active placement service is provided for administrative staff without incentive cuts.
Because of the agreement, one of the trade unions, Fiom, criticised Stellantis for the new workforce reduction (this is in fact the third agreement reached by the company, which involved 7000 employees leaving). Here are the first and second agreements for the voluntary exits.
Eurofound (2023), Stellantis, Internal restructuring in Italy, factsheet number 108578, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/108578.
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