Furloughed Italian Fiat workers struggling to pay mortgages
Briefly

Furlough pay is often "not enough to pay the mortgage and going to the bank to ask for loans to put food on the table was not easy," said FIM Cisl representative Davide Manago. "My fear is going back to that." This stark reflection highlights the financial struggles faced by workers during extended furlough periods. Workers at Stellantis are grappling with inadequate furlough payments, accentuating their vulnerability amid rising costs of living.
Stellantis placed around 2,400 Fiat workers in its main Turin factory on furlough with reduced pay as it cut back on manufacturing. The Mirafiori plant is one of the oldest in Europe, and its workforce is aging, with employees averaging 57-58 years old. This demographic challenge poses future operational risks that need strategic attention in the evolving automotive landscape.
Read at Fortune Europe
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