September 24, 2025 At the end of July, the sale by the Exor group to the Indian giant for 3.8 billion euros was made official.
8 thousand workers
An operation with large repercussions on Turin, where Iveco has the headquarters in via Puglia which produces electric engines and engines for heavy vehicles (and has two centers dedicated to research and development), as well as a logistical pole in San Mauro. There are about 6,000 direct employees, to which almost two thousand of the survey are added.
The concerns of the unions
And today the unions, during the hearing in the work committee, have returned to reiterate all their concern. “The Exor Group – stressed Ciro Marino, secretary of metalworkers Ugl Turin – is going on with the dismantling process. Despite the reassurances, there are processes inside that are not known”.
Yet another “selling” to foreign realities, in a Turin that in 2025 recorded the negative record of 24 million hours of layoffs, which make it the most cassintegrated city in Italy.
“The concern – added Edi Lazzi, secretary general Fiom Cgil Torino – is, regardless of Iveco who is an industry born in Italy and goes in the hands of foreigners”. In the shade of the Mole then there are two important negative precedents: the sale of the former Fiat in Peugeot, which determined the emptying of Mirafiori, and the sale of Magneti Marelli in 2019 from FCA to the Japanese of CK.
“They are two previous – clarified Lazzi – who do not make us feel calm: in Venaria, near the Mandria Park, we have lost a factory in Magneti Marelli. If we reason by analogies the wrists tremble there. Here in Turin there is the Iveco design pole, but Tata already has one of it: you have to understand what intention they will have”.
To echo Luigi Paone, Uilm Turin general secretary: “We cannot afford to lose another strategic asset. After the city, we also want to talk to the region to work together again for the same goal, that is, to put those who bought in the condition to give us employment guarantees and investments”. “Politics – he added – must supervise a little more, if we risk that Turin empties: we cannot live only tourism”.
And the unions raise their hands. “We do not have – Rocco Cutrí, general secretary of the Fim Cisl Turin and Canavese – GRANDI Tools in hand, that can revoke such an operation. We can condition the table open at national level, so that the government exercises all power to guarantee workers aspects on the future, with the maintenance of control in Italy”.
Favaro: “You need investments”
“The mayor Stefano Lo Russo – observed deputy mayor Michela Favaro – sent, together with Brescia and Foggia, a letter to the Ministry of Made in Italy to ask that local authorities can also participate in the decision -making tables on the topic. Investments are also needed, because otherwise there is no employment on the long run”. “The role of the Municipality is to act as a coordinator with the regional, national level and with the social partners” he concluded.
On the same line of Favaro, the Ecologist Left Councilor Emanuele Busconi, who said: “Region and Government Tucceino Iveco employees and schedule for series policies for the sector”. For the councilor of Forza Italia Domenico Garcea the “priority is to protect employment and technological innovation, not giving in to demagogic reflections”.