Stellantis said Thursday that its Italian employees will get a bonus of 2,112 euros on average, up from 1,879 euros last year, after the carmaker reported record financial results for 2023, with net profit up 11% to 18.6 billion euros and revenues up 6% at 189.5 billion.
The French-Italian-US group said it sold 6.4 million vehicles worldwide last year, compared to 6.0 million in 2022.
The share price of the group, the result of a merger between Fiat-Chrysler and Peugeot-Citroën, on the Italian stock market rose 4% to 23.49 euros in early trading after the results were presented.
"The overall average bonus for Stellantis employees in Italy is the positive result of the agreement signed last year with the signatory unions and it recognizes the contribution of the entire Italian workforce to the company's results and the quality of the social dialogue with the unions," said Stellantis CEO Carlos Tavares .
He said salaries had increased 11% in two years and that the workers also received a 600-euro special bonus thanks to the 2023 agreement.
The bonus is a much-needed boost for Stellantis's Italianworkers amid uncertainty about the carmaker's commitment toItaly.
Stellantis CEO Carlos Tavares recently said he cannot ensure the future of its Italian plants unless the carmaker gets major incentives to make electric cars.
Stellantis Chairman John Elkann sough to attenuate the alarm caused by those comments, giving reassurances during subsequent meetings with Economy Minister Giancarlo Giorgetti, President Sergio Mattarella, and Bank of Italy Governor Fabio Panetta, among others.
Workers at Stellantis' historic Mirafiori plant in Turin have been furloughed until the end of March, when the plant will stop producing the Maserati Levante SUV, and there are also fears about the prospects of the Pomigliano d'Arco plant near Naples.
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