Fiat chief executive Sergio Marchionne is expected by unions in the coming weeks to disclose an update on long-delayed investments at its flagship Mirafiori site in Turin. Fiat and unions will meet to talk about an expected request from the carmaker for reduced hours for another 12 months following the expiration of a temporary layoff scheme at the plant at the end of September.
Claudio Ciarle, secretary of the FIM union, remarked that they will meet with Fiat shortly to discuss renewed layoffs and the carmaker provides them "its outlook for the factory's future." Marchionne said in February 2013 that he intends to make a EUR1-billion investment to produce new Alfa Romeo and Maserati models at the Mirafiori site, where the carmaker has temporarily laid off employees as it hopes for the European vehicle market to recover.
Fiat, however, placed on hold the investment unit it gets a clearer idea of the impact of a court ruling that a part of Italy's labor rules are unconstitutional. A union source told Reuters that Fiat may hike or reduce planned investments at its Mirafiori site depending on the amount it needs to acquire a stake it does not already own in Chrysler.