Showing posts with label Agnelli. Show all posts
Showing posts with label Agnelli. Show all posts

Thursday, July 12, 2018

Millions for Ronaldo, crumbs for workers: Fiat's Agnelli shows what Capitalism means

Andrea Agnelli is the chairman of the Turin-based famous italian football club Juventus. He is also a heir of the also famous industrialist Agnelli family, owners of the Fiat automobile manufacturer. 

Recently, Juventus reached a $120 million deal with Real Madrid over the transfer of the Portuguese football superstar Cristiano Ronaldo. More specifically, the 33 year-old player and Juventus signed a 4-year contract worth almost $630,000 a week. 

However, when Agnelli spends such amounts of money for a football player, the workers at Fiat haven't seen any increase in their salaries during the last 10 years. On the contrary, thousands of Fiat workers have sustained cuts in their wages, while dismissals consists a common policy of the company in times of financial difficulties.