In the midst of a strike by its workers, Fiat SpA is announcing more layoffs. Fiat Auto SpA says its Cassino, Italy, plant will close from June 17-29, reducing production volume of the midsize Stilo car. The Stilo, which Fiat hoped would turn its ailing car-making unit around, has seen slow sales since its September 2001 launch. Fiat workers are striking against the auto maker’s announcement last week it would be cutting 3,000 full-time jobs to reduce costs. Workers thus far have been ...
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