Marchionne Wins Fiat Worker Concessions for Maserati Sedan
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Fiat SpA Chief Executive Officer Sergio Marchionne won concessions from workers in exchange for a 500 million-euro ($742 million) investment to make a new Maserati-brand luxury sedan at its plant in Grugliasco, Italy.
A program of increased work shifts and shorter breaks won approval from 88 percent of the 1,011 workers taking part in the ballot, the Fismic union said late yesterday. The workforce at the plant, which Fiat bought from bankrupt car-design company Bertone in 2009, totals about 1,100.