Fiat SpA will attend a key meeting with union representatives on Friday and will disclose details of its investment plan for the historic Mirafiori plant in Turin. Fiat, which is Italy's largest industrial group, has pledged to invest 20 billion euros ($27 billion) in car plants in Italy to enhance production and raise efficiency in exchange for more labor flexibility.
However, Fiat has yet to say how it plans to reform production at its factories, with the exception of the Pomigliano plant, where it is investing 700 million euros after a key agreement with unions. A Fiat spokesman recently confirmed that at the Friday meeting, Fiat will provide details about its plan to relaunch the Mirafiori plant.
The Mirafiori plant has about 5,500 workers and it is one of Italy's biggest, along with the Melfi plant in southern Italy.
At this meeting, Fiat will also reveal what models it will build at the plant where the following models are being produced: the Fiat Multipla, the Fiat Punto Classic, the Fiat Idea, the Lancia Musa and the Alfa Romeo Mito. Union leaders have been asking for this meeting to take place and are glad about this development.
In a statement, Giuseppe Farina, FIM CISL union leader, said that Fiat can “sketch an important future development for the Mirafiori plant at Friday's meeting.”
Fiat has been losing money at all of its car plants in Italy. Analysts say that if it wants to be competitive once again, its Fabbrica Italia project will have to improve efficiency to levels comparable to rival European car plants. [via autonews - sub. required]