Magneti Marelli in Corbetta, production is back to normal: "Now we need job security."

Corbetta (Milan) - "The situation at the Marelli plant in Corbetta is returning to normal. The supply of materials needed to fulfill orders, which fortunately have never been lacking, has resumed without the interruptions of the past. As a result, in recent weeks, the number of production downtime days has been reduced, forcing employees to stay home and make up the missed hours later, especially on Saturdays," says Antonio Del Duca, a trade union representative with the Fiom Cgil.

Regarding Marelli's future prospects , and specifically the Corbetta production unit, unions and workers will learn more at a meeting scheduled for September 10th . At the Ministry, following the meeting at the end of July, the company and unions will meet again on October 1st. At the Rome headquarters, Marelli management presented the results for the first half of 2025 at the end of July, which were impacted by declining volumes with the inevitable impact on profitability. However, it also announced that the US court had released a further tranche of liquidity, thus guaranteeing production operations. At the Ministry, the unions have asked "to activate all possible tools, including direct participation in the company, to ensure production, investment, and employment levels."

Magneti Marelli , a historic Italian automotive components giant, is facing a profound crisis, culminating in the filing of a Chapter 11 bankruptcy in the United States on June 11, a necessary step to address debt exceeding €4 billion, despite annual revenues of approximately €10 billion. At the conclusion of the procedure on July 28, Marelli received no higher offers. Therefore, as indicated in the previously announced restructuring support agreement, Marelli plans to emerge from Chapter 11 in 2026 under the ownership of its main lenders, led by Strategic Value Partners, alongside Deutsche Bank, MBK Partners, Fortress Investment Group, and Polus Capital Management. Marelli subsequently obtained access from its lenders to an additional $130 million of the $1.1 billion financing, which, according to union sources, is allowing the company to continue serving its customers.