Italian automotive workers to strike on Oct. 18 over Stellantis output drop

Workers in Italy's automotive sector are set to strike on October 18, as announced by the main metalworkers unions. This action is a direct response to a significant decline in production at Stellantis, the largest car manufacturer in Italy. The FIM-CISL union reported that Stellantis's output has dropped sharply, with projections indicating a production of just over 500,000 vehicles in 2024, a steep decline from 751,000 in 2023. This marks a nearly 70% reduction in Italian production over the past 17 years. Stellantis was formed in 2021 through the merger of Fiat-Chrysler and PSA Peugeot, and it has faced increasing scrutiny due to its financial performance. The company is currently in search of a new CEO to replace Carlos Tavares, who has been criticized for the company's struggles, particularly in North America, which has historically been its main profit source. The automotive industry is undergoing significant changes, impacting Stellantis's operations. In addition to the strike, unions have called for a national demonstration in Rome on the same day, highlighting the urgency of the situation. Stellantis has been in discussions with the Italian government regarding plans to boost production, but no agreements have been reached yet. The ongoing decline in output raises concerns about the future of the automotive sector in Italy and the livelihoods of workers. The strike reflects broader issues within the industry, including the need for sustainable production levels and the challenges posed by market fluctuations. As workers prepare to take action, the situation underscores the critical intersection of labor rights and corporate performance in the automotive sector.