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Tension on Stellantis. Unions and PD, summon Tavares - Industry and Analysis

2024-02-02T19:49:34.110Z

Highlights: Tension remains high between the government and Stellantis, while unions and the Democratic Party ask Prime Minister Giorgia Meloni to summon Carlos Tavares. At the center of the market's attention is, however, the possible entry of the State into the capital of the Italian-French group. The cost of these actions (the outlay for a share equal to that of the French government which holds 6.1% would be at current values ​​of 4.1 billion), the real benefits.


Tension remains high between the government and Stellantis, while unions and the Democratic Party ask Prime Minister Giorgia Meloni to summon Carlos Tavares. (HANDLE)


Tension remains high between the government and Stellantis, while unions and the Democratic Party ask Prime Minister Giorgia Meloni to summon Carlos Tavares.

At the center of the market's attention is, however, the possible entry of the State into the capital of the Italian-French group, a path which, however, appears difficult to follow also because there are many obstacles to overcome: where to buy the shares especially if you intend to have a non-symbolic participation in the capital.

The cost of these actions (the outlay for a share equal to that of the French government which holds 6.1% would be at current values ​​of 4.1 billion), the real benefits.


    "The state in Stellantis? I would join Ferrari" quips the minister Giancarlo Giorgetti.


    It is once again the Minister of Business and Made in Italy, Adolfo Urso, who intervenes heavily.

"If in December Volkswagen surpassed Stellantis in sales in Italy, if Italian citizens preferred to buy a car produced abroad rather than one made in Italy, given similar market conditions and incentives, the problem is not of government but of the company" he observes.

"In recent years - notes Urso - 40% of the incentives went to Stellantis, as it should be, but half of these went to models produced abroad and imported into Italy. It cannot continue like this".

From Brussels, Antonio Tajani invites "to follow the Stellantis affair with great attention so that jobs are not lost, as they must not be lost at Ilva and the government is committed".


    The unions ask the Prime Minister to summon Tavares, whose words have created strong fears among the workers in the Mirafiori and Pomigliano factories, those most at risk without state support.

The mayor of Turin Stefano Lo Russo wrote a letter to the Prime Minister, acting as spokesperson for the "state of apprehension for the employment future of the Mirafiori factory expressed by all the trade unions".

"The Government cannot remain silent in the face of threats from the CEO of Stellantis on the future of Mirafiori and Pomigliano, immediately summon Tavares to Italy to take on clear responsibilities and commitments" urges the secretary of the Democratic Party Elly Schlein.

"The government should immediately call a meeting with Stellantis and the unions because there is a need to define production and safeguard employment in all the factories in our country" states the general secretary of the CGIL Maurizio Landini, while the leader of the CISL Luigi Sbarra reminds Tavares that "incentives are public resources and not gifts" and asks the government to act as "guarantor of a pact between institutions, businesses and unions on the relaunch of the auto sector in our country".


    "We are sorry and angry. Tavares' statements are worrying and ungenerous towards the workers of all the Italian Stellantis plants" explains the general secretary of Uilm Rocco Palombella.

"Prime Minister Meloni summons Tavares and the trade unions to reach an agreement to protect production and employment in Italy. In recent years we have lost 11,500 jobs in Stellantis" insists Michele De Palma, general secretary of Fiom, while Roberto Di Maulo, general secretary of Fismic Confsal, asks the government "to stop engaging in battles with the main Italian car manufacturer, which is Stellantis, and come out of generic statements that seem like useless threats. If it has really started discussions with other manufacturers , who are not Chinese, we are very happy about it, but it must make the possibility attractive for foreign investors and our country attractive". 

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Source: ansa

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