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Strike closes 3 Fiat plants in Italy

  |   March 17, 2012 at 6:13 PM
ROME, March 17 (UPI) -- Carmaker Fiat said it shut down three of its five plants in Italy because of a truckers' strike that impeded delivery of parts and finished vehicles.

Fiat said in a statement the strike, initiated to protest wage cuts and other conditions, was ''de facto paralyzing automotive logistics, especially in central-southern Italy," ANSA reported Friday.

The company said the action has delayed vehicle production by 20,000 units, a loss that would be "very difficult to recover this during the year."

Chief Executive Officer Sergio Marchionne met Friday with Prime Minister Mario Monti and said their meeting was "perfect," ANSA said.

Marchionne said he told Monti Fiat must have flexibility in terms of labor costs if it is to be competitive in the marketplace.

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