Fiat SpA will slash 12,300 jobs by 2006, shutter 12 plants and raise €1.8 billion ($2.1 billion) in fresh capital for a third try in the last two years to resuscitate the ailing Italian industrial group from the worst crisis in its 104-year history. The cuts are in addition to 17,000 job eliminations over the last 18 months. Some 9,500 cuts will take place outside Italy under pressure from the Italian government to preserve homeland jobs. Job reductions in Italy will be split evenly ...
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