Transition to electric cars will jeopardize over 73.000 jobs in Italy

The transition to electric cars will jeopardize some 73,000 jobs in Italy, several unions and an employers’ organization warned on Thursday, Reuters reports.

Analysts say Italy’s auto industry could be hit harder than in other countries due to the relatively small size of its companies.

If this plan is not accompanied by government intervention, it could lead to the loss of approximately 73,000 jobs in Italy, of which 63,000 during 2025-2030, the Federmeccanica employers’ association and the FIM unions said in a joint statement

Car production in Italy fell from more than 1.8 million units in 1997 to just 700.000 units last year, of which less than 500.000 were cars.

We need to get back to producing about 1.5 million units a year, said FIOM union leader Francesca Re David

According to official figures, the Italian car industry has 278.000 direct and indirect employees and is responsible for about 6% of Gross Domestic Product.

MUST READ: Spanish automaker Lupa to build an electric vehicle factory in Uruguay

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