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Fortune
Fortune
Ryan Hogg

Furloughed Italian Fiat workers struggling to pay mortgages

Fiat 500 are parked at the Mirafiori Stellantis' factory in Turin, on April 10, 2024. To meet the growing demand for electrified vehicles and the ambitious targets presented in the Dare Forward 2030 strategic plan, Stellantis and its joint venture partner, Punch Powertrain, signed a new agreement increasing production of the future-generation electrified dual-clutch transmissions (eDCT) for Stellantis hybrid and plug-in hybrid electric vehicles (PHEV). (Credit: MARCO BERTORELLO—AFP/Getty Images)

Stellantis workers making the famous Italian vehicle Fiat are struggling to pay the bills after spending a year on lower-paying furlough, a union official has warned, in a stark reminder of the human cost of Europe’s EV slowdown.

Stellantis placed around 2,400 Fiat workers in its main Turin factory on furlough with reduced pay in September last year as it reduced manufacturing of its Fiat 500 city electric car and two Maserati sports cars.

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