Workers of Fiat to embark on strike because owner spent £88m on CR7

Fiat workers are to go strike over the firm's owner's decision to pay £88m to buy Cristiano Ronaldo from Real Madrid.

Italy’s Agnelli family owns almost
30 % of Fiat through an investment holding, Exor. The Agnellis also own 64 % of Juventus, the club Ronaldo will join next season, after nine years playing for the Spanish team.

The Italian side confirmed the news on Wednesday after weeks of speculation over the move.

Fiat Chrysler (FCA) has made thousands of layoffs in Italy over the past few years, due to a lack of new models and workers in the small USB Lavoro Privato union say the money spent on Ronaldo would have been better used to invest in the company.

The union USB Lavoro Privato said: “It is unacceptable that while the (owners) ask workers of FCA ... for huge economic sacrifices for years, the same decision to spend hundreds of millions of euros for the purchase of a player.

“The owners should invest in car models that guarantee the future of thousands of people rather than enriching only one.”

FCA and Exor declined to comment.

SOURCE: BBC