Stellantis sold 4.4 million shares to its employees for a total amount of 65 million euros invested. A motto of pride for the Italian-French Group, but not for the workers’ union Fiom of Turin: «Stellantis shares sold to employees? They represent nothing, they are just a risk.” That’s what he thinks Edi Lazzi, the general secretary of Fiom-Cgil Turin. «If the shares go badly employees loseand sometimes a simple declaration from Tavares is enough to change the value on the stock exchange” underlines Lazzi who also makes a distinction between ordinary and preference shares: “Whoever buys ordinary shares cannot decide on any strategy, it is an operation carried out only to open a breach of optimism when everything goes wrong.”
The stock plan “Shares to Win” allows employees to become shareholders of the automotive group under favorable conditions, such as a 20% discount on the reference price of the shares and a supplementary contribution guaranteed by the company equal to 100% of the personal investment up to a maximum of 1,000 euros. The plan was signed up by over 85 thousand employees (22%) with an individual investment of approximately 2,470 euros. In France, 31% of employees signed up, while in Italy, the rate was only 13%.
2023-12-22 17:03:00
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