CNH says to lose 1,000 jobs in Fiat rescue plan


CHICAGO, June 26 (Reuters) - Farm equipment maker CNH Global N.V. said a recovery plan unveiled Thursday by its Italian parent Fiat involves about 1,000 job cuts at CNH, suggesting the brunt of Fiat's workforce reductions will be felt elsewhere. Fiat, the industrial group and carmaker that is battling widening losses and slumping car sales, said in its latest revival plan it would close 12 factories and slash 12,300 jobs worldwide, with five of the plant closings to be CNH facilities. ...

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