Fiat launches new round of temporary layoffs

Newswire

TURIN, Italy, March 17 (Reuters) - Italian carmaker Fiat announced its fourth wave of temporary layoffs so far this year on Wednesday, saying 2,500 people would down tools for two weeks in April to cut production in line with orders. Fiat is trying to cut costs and boost sales to pull out of its worst ever crisis, through measures which included slashing thousands of jobs worldwide, with more still in the pipeline. Car unit Fiat Auto said it would stop making the Lancia Thesis limousine, ...

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