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By Giulio Piovaccari and Rodolfo Fabbri



MILAN/ROME (Reuters) - Italian unions on Monday demanded a wage rise of 8.4% in
2023 to offset rising inflation as they prepare for official talks with
industrial groups Stellantis, Ferrari, Iveco and CNH Industrial.

The unions are preparing to negotiate new four-year contracts to replace ones
that expire at the end of 2022. They cover almost 70,000 workers in Italy, two
thirds of them at the former Fiat-Chrysler, which last year merged with France's
PSA to create Stellantis.




Europe's cost-of-living crisis is putting upward pressure on wage inflation as
companies across the continent face demands from workers to cushion the impact
of rising prices. Consumer prices rose 8.9% year on year in Italy in September.

Labour representatives were also demanding wage increases of 4.5% for 2024 and
2.5% for 2025, the FIM-CISL, UILM, Fismic, UGLM and AQCF unions said in a joint
statement, adding that reliable inflation estimates were not yet available for
2026.




Gianluca Ficco of the UILM union said that requests would change if inflation
estimates change.



"We need to start talks as soon as possible to achieve a timely contract
renewal," Ficco said, presenting the proposal to union delegates in Rome, who
will have to approve them on Oct. 18-19.

Spokespeople for Stellantis and Iveco said they would not make any comment until
unions have filed a formal request, in coming days or weeks.

The Agnelli family's holding company Exor is a major shareholder in carmakers
Stellantis and Ferrari, truckmaker Iveco and agricultural and construction
machine maker CNH Industrial. All four groups share the same specific basic
contract for most of their Italian employees.

This is separate from a national contract for workers in other parts of the
metal and mechanical sector.

Stellantis, whose brands include Fiat, Peugeot, Jeep, Alfa Romeo and Opel, said
last month it would provide a one-off bonus worth up to 1,400 euros to most of
its employees in France to help them cope with surging inflation. (This story
has been refiled to fix a link in the last paragraph)

(Writing by Giulio Piovaccari, editing by Gianluca Semeraro and Keith Weir)



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