Fiat might lose subsidies this autumn, company to announce new 5-year-plan on 1 June

All 235,915 workers at the Fiat Chrysler Automobiles, including around 2,000 employees in Kragujevac, are waiting at the CEO Sergio Marchionne to announce the company’s next moves.

Marchionne has said that he would announce a new five-year plan of the seventh biggest vehicle manufacturer in the world on 1st June.

The president of the Autonomous Trade Union of Fiat Chrysler Automobili (FCA) Serbia, Zoran Markovic, says that the agreement between the government of the Republic of Serbia and FCA is valid until 2023.

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“The agreement on subsidies and other benefits provided by Serbia is valid until 19th October, and the agreement says that Serbia can offer Fiat either a part of its stake for sale, or all of it, that is 33%, by 2023”, he added.

At the moment, the production of Fiat 500l at the Kragujevac plant is going according to schedule. As usual, the workers at all Fiat plants worldwide will go on a three-week collective annual leave on 1st August.

(eKapija, 30.05.2018)


This post is also available in: Italiano

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