Italy: agreement at the Stellantis motor group focuses on generational renewal across the ‘white collar’ workforce

On 22 September Stellantis, together with the Ministry of Labor, and the Fiom-Cgil, Fim-Cisl, Uilm, Fismic, UGLM and Associazione Quadri trade unions signed the ‘contratto di espansione’ (expansion agreement) which paves the way for 390 voluntary early retirements across its administrative, research, and financial services businesses. In return, 130 young people with professional profiles corresponding to the company’s industrial plan will be hired on permanent employment contracts. To be eligible, the early departure candidates must be within five years of retirement and they will have had to apply by 02 October in order to leave by 30 November 2021 at the latest. Under the ‘contratto di espansione’ they will receive a monthly allowance that corresponds to the amount of their future pension right up until they are legally entitled to a pension. The agreement also provides for a training plan and the use of short-time working (technical unemployment and part-time work), with a reduction in working hours of 20% on average at group level, but which cannot exceed 49% of working hours at the individual level. Measures intended to facilitate generational renewal in large companies (like the ‘contratto di espansione’ and the ‘isopensione’ (a form of exit allowance)) have already led to significant agreements being struck in 2021 in the telecommunications group TIM, the energy company Enel (c.f. article No. 12538) and the oil group ENI (c.f. article No.12461).