Unions call for one-day strike at Stellantis (STLA) plant in Italy

On September 18, unions, including UILM, FIM-CISL, Fismic, and Uglm called for a one-day strike at Stellantis' (NYSE: STLA) Melfi plant in southern Italy in response to the carmaker's lack of communication regarding its future production plans at the facility.

In June, the Franco-Italian company had revealed its intention to manufacture five new models at the Melfi plant, which employs over 5,000 workers. However, the production of the fifth model was "subject to performance improvement".

In a statement issued by the unions, they reported that during a meeting held on Friday, Stellantis declined to provide them with any updates regarding the fifth model and the specific models that will be produced at the Melfi plant pending further discussions with the Italian government regarding a broader agreement.

Marco Lomio, who serves as the regional leader of UILM is urging Melfi plant employees to participate in an 8-hour strike during each of the three scheduled shifts on Mondays. This will result in a complete shutdown of the facility on that particular day.

It's important to note that this strike is unrelated to the ongoing labor actions taking place in the United States, involving the United Auto Workers and three Detroit automakers: General Motors (NYSE: GM), Ford Motor (NYSE: F), and Stellantis.

Shares of STLA are up 2.26% near end of day trading on Friday.

By Michael Elkins | [email protected]

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