Fiat plan to boost efficiency, save jobs-chairman

Newswire

TURIN, May 29 (Reuters) - Fiat's new business plan, due to be presented at the end of June, will probably boost efficiency without sacrificing jobs at the Italian carmaker, Fiat's Chairman Umberto Agnelli said on Thursday. The much-awaited plan is vital to the future of the 104-year-old carmaker which reported its operating loss widened to 342 million euros in the first quarter. Three credit rating agencies have cut its debt to "junk". "(The plan) should manage to maintain the employment ...

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