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 ...
Premium Content (PAID Subscription Required)
"Printer-friendly" 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!
Current subscribers, please login or CLICK for support information.