'It is unacceptable that while the workers of FCA and CNHI continue to make huge economic sacrifices for years, the same company can spend hundreds of millions of euros for the purchase of one player'
The union representing manufacturing workers at Fiat in Italy has announced strike action to protest the transfer of Cristiano Ronaldo from Real Madrid to Juventus, a football club owned by Fiat Chrysler's (FCA) parent company.
In order to gain Ronaldo's services, Juventus is paying Real Madrid a €105 million ($166 million) transfer fee over two instalments. The 33-year old Portuguese striker will be paid roughly €30 million ($47.5 million) per year for four years.
As Italian clubs are taxed at an amount equivalent to their players' wages, the total cost of Ronaldo's transfer is around €345 million ($546 million), assuming he stays for the length of his contract, and discounting any bonuses or add-ons that might be part of the package.
According to Unione Sindacale di Base, "it is unacceptable that while the workers of FCA and CNHI continue to make huge economic sacrifices for years, the same company can spend hundreds of millions of euros for the purchase of one player".
The union also complains workers have to "resort to social safety nets while waiting for the launch of new models that never arrive", and says "the company should invest in car models that guarantee the future of thousands of people rather than enriching only one".
Exor, the investment vehicle of the Agnelli family, owns 29.2 per cent of Fiat Chrysler, but controls just over 44 per cent of its votes. It also owns just under 64 per cent of Juventus. Jeep is Juventus' main shirt sponsor.
Main image: Gooooool by Jan S0l0 on Flickr.