AGL 40.07 Increased By ▲ 0.04 (0.1%)
AIRLINK 127.73 Increased By ▲ 0.03 (0.02%)
BOP 6.70 Increased By ▲ 0.09 (1.36%)
CNERGY 4.46 Decreased By ▼ -0.14 (-3.04%)
DCL 8.90 Increased By ▲ 0.11 (1.25%)
DFML 41.60 Increased By ▲ 0.02 (0.05%)
DGKC 87.00 Increased By ▲ 1.21 (1.41%)
FCCL 32.73 Increased By ▲ 0.24 (0.74%)
FFBL 64.50 Increased By ▲ 0.47 (0.73%)
FFL 11.37 Increased By ▲ 0.82 (7.77%)
HUBC 111.50 Increased By ▲ 0.73 (0.66%)
HUMNL 14.85 Decreased By ▼ -0.22 (-1.46%)
KEL 4.96 Increased By ▲ 0.08 (1.64%)
KOSM 7.37 Decreased By ▼ -0.08 (-1.07%)
MLCF 40.85 Increased By ▲ 0.33 (0.81%)
NBP 61.60 Increased By ▲ 0.55 (0.9%)
OGDC 194.90 Increased By ▲ 0.03 (0.02%)
PAEL 27.45 Decreased By ▼ -0.06 (-0.22%)
PIBTL 7.78 Decreased By ▼ -0.03 (-0.38%)
PPL 153.15 Increased By ▲ 0.62 (0.41%)
PRL 26.55 Decreased By ▼ -0.03 (-0.11%)
PTC 16.15 Decreased By ▼ -0.11 (-0.68%)
SEARL 84.50 Increased By ▲ 0.36 (0.43%)
TELE 7.91 Decreased By ▼ -0.05 (-0.63%)
TOMCL 36.88 Increased By ▲ 0.28 (0.77%)
TPLP 8.80 Increased By ▲ 0.14 (1.62%)
TREET 17.00 Decreased By ▼ -0.66 (-3.74%)
TRG 57.10 Decreased By ▼ -1.52 (-2.59%)
UNITY 26.70 Decreased By ▼ -0.16 (-0.6%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,000 No Change 0 (0%)
BR30 31,002 No Change 0 (0%)
KSE100 94,705 Increased By 513.2 (0.54%)
KSE30 29,406 Increased By 205.3 (0.7%)

Thousands of workers from Italy's auto group Fiat marched through the streets of Turin on Saturday shouting for job guarantees as the company moves to create what would be the world's second-biggest auto maker. Blowing whistles, sounding horns and waving banners, the protesters from factories around the country vented their fears that ambitious deals planned by Fiat with Chrysler and General Motors could lead to plant closures and job losses.
Trade unions claimed 15,000 workers gathered at Fiat's headquarters in the northern Italian city, while police put the total nearer 3,000. The most vociferous groups came from the Pomigliano plant in Naples, which has a history of militancy.
"We've been at home on reduced pay for almost a year," said Pomigliano worker Milena Giammattei. "Fiat has never answered any of our concerns." The Italian car maker is seeking alliances with Chrysler and General Motors Corp's European unit Opel in an expansion strategy to weather the downturn in global auto markets.
Many workers appeared more angry with Silvio Berlusconi's centre-right government for not calling on Fiat to begin talks with unions than with the group's Chief Executive Sergio Marchionne, who won some praise for his expansion strategy. Marchionne said on Friday he was ready to talk with Italian unions after making more progress in negotiations with Opel, but workers fear that will be too late.
"We want a meeting now between the prime minister, Marchionne and us, not when they have already decided everything," Giorgio Cremaschi, the head of Fiat's main trade union, the FIOM, told Reuters. US and German unions have so far appeared to be putting up stronger opposition to the deals, fearing they have more to lose than the unions in Italy.
Marchionne, who took the helm in 2004, got rid of many white collar workers at the group when he arrived in 2004 and saved blue collar workers, leaving him respected with a less antagonistic relationship with unions. In newspaper interviews on Saturday, Economy Minister Giulio Tremonti and Industry Minister Claudio Scajola both said they had received commitments by Fiat not to cut jobs in Italy, but the marchers seemed far from convinced.

Copyright Reuters, 2009

Comments

Comments are closed.