As previously reported, Fiat hasn’t been able to secure agreements with all Italian unions regarding a key productivity deal to help the automaker to keep its turnaround strategy on track. With a hard-line union planning a strike later this month, the country’s Prime Minister Silvio Berlusconi claims Fiat will have a good reason to quit Italy if the deal falls through.
Fiat CEO Sergio Marchionne agreed with Mr. Berlusconi saying that the future of the company in Italy could be at stake and he might be forced to move all production to lower-cost countries.
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