Fiat could cut 550 more jobs in Italy - document

Newswire

ROME, July 24 (Reuters) - Struggling industrial group Fiat SpA could increase the number of job cuts in Italy by 550 as part of a sweeping plan to cut deep losses and high debt, a document released on Wednesday showed. Fiat had already announced 2,887 mainly blue-collar job cuts in its home country, where it is the top private employer but where high labour costs are sucking on weakening revenues. A document issued after Fiat met with unions on the proposed job cuts said 550 more jobs ...

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