MILAN — Italian unions representing employees at Stellantis, Ferrari, Iveco and CNH Industrial will ask for a wage enhance of no less than 6.5 p.c for 2023 to assist cowl hovering power and meals payments, two sources conversant in the matter stated.

Europe’s cost-of-living disaster is placing upward stress on wage inflation as firms throughout the continent face calls for from employees to cushion the influence of rising costs.

Shopper costs rose 8.9 p.c 12 months on 12 months in Italy in September.

Unions will current on Monday their formal proposal for a brand new four-year contract for Italian workers, together with for wage will increase, to Stellantis, Ferrari, truckmaker Iveco and agricultural and development machine maker CNH Industrial.

The present contracts expire on the finish of the 12 months.

The sources declined to be recognized as a result of it’s confidential.

A rise “of no less than 6.5 p.c would permit employees to recuperate misplaced buying energy” after they obtained a 2 p.c wage enhance this 12 months below the present deal, one of many sources stated.

The precise measurement of the request might change as it’s below dialogue with unions concerned within the talks beginning on Monday, the supply stated.

The second supply stated the request could possibly be bigger than 6.5 p.c.

Stellantis stated final week it will present a one-off bonus value as much as 1,400 euros ($1,394) to most of its workers in France to assist them deal with surging inflation.

It additionally introduced ahead wage negotiations in France, initially scheduled for the beginning of subsequent 12 months, to December.