AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)
Business & Finance

Stellantis examining line closure at Italy's Melfi car plant

  • Jeep's Renegade and Compass models and the Fiat 500X compact SUV are produced at Melfi, which is considered the most efficient Stellantis plant in Italy, but could be moved to a single production line.
  • The carmaker's production is under scrutiny in the country for costing more than elsewhere, as Stellantis seeks more than 5 billion euros ($5.9 billion) a year in savings.
Published March 25, 2021

MILAN: Stellantis is studying a plan which would involve closing one of two production lines at its Melfi car plant in southern Italy, the head of the FIM CISL union told Reuters.

Jeep's Renegade and Compass models and the Fiat 500X compact SUV are produced at Melfi, which is considered the most efficient Stellantis plant in Italy, but could be moved to a single production line.

Closing a Melfi line could mark a first step by Chief Executive Carlos Tavares to tackle excess capacity in Italy.

The carmaker's production is under scrutiny in the country for costing more than elsewhere, as Stellantis seeks more than 5 billion euros ($5.9 billion) a year in savings.

FIM CISL's Ferdinando Uliano said on Thursday that the plan was being assessed, but Stellantis had not taken any decision on it, and the union had yet to receive official confirmation that such project was being considered.

Tavares had committed not to cut jobs or close plants following the creation of the company from the merger of Fiat Chrysler and France Peugeot maker PSA earlier this year.

"We're very worried," Uliano said. "Once you have reduced production capacity at one site, it's very difficult to gain it back".

Comments

Comments are closed.