Fiat May Sign Deal With Italian Unions Tomorrow, La Stampa Says

Fiat SpA (F) will likely sign a collective contract with representatives of its Italian workers tomorrow, La Stampa reported, citing union leaders.

While Fiat has reached agreement on issues including a 10 percent pay increase for overtime and greater “harmonization” of contracts across Italian plants, there are still points to iron out, the paper said, citing the Fismic union’s Vincenzo Aragona.

To contact the reporter on this story: Alessandra Migliaccio in Rome at amigliaccio@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

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