Late News.(automobile industry)(Brief Article)

Automotive News Europe,  March, 2005  by Ciferri, Luca

• E-mail
• Print
• Link

Byline: Luca Ciferri

Fiat orders 5,000 layoffs for 3 months

TURIN - Fiat Auto will temporarily lay off a third of its white-collar work force starting in mid-April.

The layoffs of administrative and other non-factory personnel will last three months and are expected to save Fiat Auto up to [euro]70 million this year.

Fiat systematically uses temporarily layoffs at its assembly plants to balance production with demand, but this is the first time the carmaker has laid off such a large number of white-collar staff.

Hyundai's Frey moves to Fiat

Werner Frey has ...

Read the rest of this article with a Free Trial at HighBeam Research.