Fiat squeezed between ratings cuts and unions

Newswire

By Jane Barrett MILAN, Nov 26 (Reuters) - Fiat forges into final negotiations on job cuts with hard-fighting unions on Wednesday knowing ratings agencies will be watching like hawks for any softening of redundancy and debt-cutting plans. Under intense pressure to dynamite its debt pile and revive its sputtering car arm, Fiat plans to lay off more than 8,000 staff for at least a year but unions and the Italian government are pushing the loss-making group to cushion the blow. The impact ...

Premium Content (PAID Subscription Required)

"Fiat squeezed between ratings cuts and unions" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×