"In recent years, FCA has had to deal with the historical remnants of a stale labor relations model which pitched capital against labor. Those days are finally over," said FCA chief Sergio Marchionne. In a move to finally end the “sterile opposition between capital and labor”, Fiat’s iconic boss has put forward an incentive scheme (tied to company profits) for the US-Italian group’s employees to the unions who signed the company agreement. With the scheme employees could receive more than 10,000€ over 4 years. Certain unions who still have to renew the company agreement are enthusiastic over this new model.
Tying its 48,000 employee salaries to the Group’s financial results is the new creed for the boss of Fiat Chrysler, Sergio Marchionne, who himself announced this revolutionary measure the day before negotiations were due to start over renewing the company agreement. The charismatic boss who is looking to contribute to changing industrial relations in Italy aims to tie employees “to productivity, quality and profitability targets set out in the Group’s 2015-2018 business plan,” he explained and continued saying he wanted to end “the sterile opposition between capital and labor.”
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