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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap Fiat-Chrysler deal on the line as workers vote AFP - Friday, January 14 Send IM Story Print Fiat-Chrysler deal on the line as workers vote ROME (AFP) - – The new Fiat-Chrysler auto giant faced a crucial test on Friday as workers at the Mirafiori plant voted on a deal opposed by Italy's biggest trade union that could prove decisive for the company's future. The Mirafiori plant has been at the heart of Fiat for more than 70 years but Fiat-Chrysler boss Sergio Marchionne has threatened to close the factory and take production to the United States if workers vote against the deal. The proposal announced by Marchionne would bring one billion euros ($1.3 billion) in investments to historic Mirafiori, which would start producing Chrysler Jeeps and impose tougher working conditions on staff. The offer has ignited a fierce political debate in Italy, particularly after Prime Minister Silvio Berlusconi earlier this week said that Italian companies "would have good reason" to leave Italy if the proposal is voted down. Susanna Camusso, head of the CGIL trade union, which is campaigning for a no vote, shot back saying Berlusconi had "given up doing his job." Pier Luigi Bersani, the leader of the main opposition Democratic Party, also slammed the prime minister's comments as "shameful". Workers began casting their ballots on Thursday at the factory in Turin in northern Italy, which employs around 5,500 people. Voting was set to end at 1745 GMT on Friday, with the result of the ballot expected around 2300 GMT. The deal would see Fiat and Chrysler produce up to 280,000 Jeeps and Alfa Romeos per year at the Mirafiori plant, which was inaugurated in 1939. Workers would be employed under special Fiat-Chrysler contracts instead of the collective contract that they have at the moment and they would have to do more overtime, have fewer breaks and work in shifts for up to 24 hours a day. Several Italian trade unions signed up to the deal on December 23 but CGIL has opposed it and has slammed the proposal as "blackmail". The deal is seen as an important step in the gradual merger of Fiat and Chrysler operations. Fiat owns a 25-percent stake in Chrysler and has operational control of the Detroit-based auto giant, which emerged from bankruptcy in 2009. The dispute over Mirafiori is also part of a wider struggle by the outspoken Marchionne to bring about radical reforms in Italian industry. In October, he ignited controversy when he said that "Fiat would be better off if it eliminated Italy. Italy ranks 118th out of 139 countries in work efficiency and is 48th in industrial competitiveness. "Not a cent from the two billion euros of profits forecast for 2010 will be generated in Italy," he said, pointing out that Fiat's 6,100 workers in Poland produce the same number of cars as the company's 22,000 auto workers in Italy. Fiat was set up in 1899 and has 188 factories around the world and a global work force of 190,000. It employs a total of more than 80,000 people in Italy, making it the country's largest private sector employer. Recommend Send IM Story Print News Search Top Stories N.Zealand flood rescuers get Aussie snake catcher Fiat-Chrysler deal on the line as workers vote Phelps returns to the swimming pool in Texas Oscar hopeful Firth gets Hollywood star Fed chief sees US growth up to 4.0 percent in 2011 More Top Stories » ADVERTISEMENT Most Popular Most Viewed Falling blackbirds baffle Arkansas officials Hasta la Vista: Arnie quits as California governor Goldman deal 'values Facebook at $50 billion' Spain lotto winner nearly loses millions by tossing tickets Brazil's 2010 trade surplus lowest in 8 years: official More Most Viewed » More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2011 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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