Fiat might lose subsidies this autumn – Italian company to announce five-year plan on June 1

All 235,915 workers at the Fiat Chrysler Automobiles, including around 2,000 employees in Kragujevac, are looking at CEO Sergio Marchionne, who has announced that he will announce a new five-year plan of the seventh biggest vehicle manufacturer in the world on June 1.

The president of the Autonomous Trade Union of FCA Serbia, Zoran Markovic, says that the agreement of the Republic of Serbia and FCA is valid, not until the end of this year, as is often said in the public, but until 2023.

– The agreement on subsidies and other benefits provided by Serbia is valid until October 19, and the agreement says that Serbia can offer Fiat either a part of its stake or all of it, 33%, by 2023 – he added.

At the moment, the production of Fiat 500l at the Kragujevac plant is going according to schedule. As usual, the workers at all Fiat's plants worldwide will go on a three-week collective annual leave on August 1.

FCA Srbija Kragujevac

Fiat Chrysler

FCA

Fiat Serbia

Sergio Marchionne

Zoran Markovic

agreement on Serbian subsidies

Fiat

Fiat 500l

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