In order to be able to invest €1 billion (US $1.31 billion) in a joint venture with Chrysler, Fiat needed to secure agreements with all unions representing its factory workers. However, a more hard-line Italian union, FIOM, is refusing to sign the deal Fiat is proposing for the Mirafiori plant and announced that it will go on strike later this month. In retaliation, the automaker threatened to withdraw the cash “should it not be satisfied”. Read more »
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