Italy's leading automotive groups, led by Stellantis, have reached an agreement with trade unions for a total salary increase of 6.6% over the 2025-2026 period for their employees in Italy, providing further support in the wake of rising inflation in recent years.
The agreement stipulates an initial 3.7% pay rise effective from this month, followed by an additional 2% in January next year, and a final 0.8% in November 2026, according to separate statements from the companies involved and metalworkers' unions.
The deal covers over 60,000 employees at Stellantis, Ferrari, Iveco, and Cnh in Italy, all companies with roots in the former Fiat group.
No strikes were called during the six months of negotiations that led to the agreement.
Workers will also receive two one-off payments of €240 each, at the end of this month and in April next year.
Today's agreement forms part of a broader four-year renewal of the collective labor contract signed by companies and unions in 2023, which, however, left wage adjustments for the final two years to be negotiated at a later stage.
The agreed pay rise amounted to over 11% for the 2023-2024 period, when Italian inflation exceeded 10%. With the increases announced today, the total wage hike over the four years will reach 18.7%, according to the unions.
(Translated by Jasmine Mazzarello, editing by Sabina Suzzi)
