| Submit Your Article | |
| Contact Us | |
| Our RSS Feed | |
| Our Blog | |
|
|
Fiat, unions fear 60,000 job cuts in Italian auto sector | detnews.com | The Detroit News |
ROME -- Union leaders and Fiat's chief executive say 60,000 jobs could be lost in Italy's auto sector unless the government comes to its rescue.
The government is to open talks this week on possible aid for the auto sector, which has been hit hard by the global economic crisis.
Last week, Fiat, Italy's largest private-sector employer, reported a 70 percent drop in fourth-quarter profit. The company blamed the result on a slump in demand for its cars as the economic slowdown hit some key markets.
Fiat also said it expects demand to drop a further 20 percent in 2009.
Talks between government, unions and industry officials are set to open Wednesday.
[source]
Add your comment:
More articles in this category
2009 Geneva Auto Show: Fiat 500C
Automakers love to tease public and media with new projects. The 2009 Geneva Auto Show is starting soon and journalists run around collecting all the information they can to be the first ones to tell about the upcoming models.Fiat is one of those who... More »
Sneak peek: Fiat's 500 Convertible | detnews.com | The Detroit News
This Fiat newcomer will be a cabrio coach or semi-convertible that has a retractable textile roof. It is more of a targa, and these kinds of cars usually don't need a redesign of the body. We reckon Fiat is developing this semi-convertible for two... More »
Fiat shows off interior of 500 Convertible
Fiat’s 500 will make its world debut in just a few days at the 2009 Geneva Motor Show, but the Italian automaker has decided to give us a sneak peak at the drop top’s interior. The official interior shots follow closely on the heels of a... More »
Fiat's Marchionne driven to succeed | detnews.com | The Detroit News
With his slightly rumpled appearance and casual manner, Sergio Marchionne seems more like a jovial professor than a hard-driving businessman. But the chief executive of Fiat SpA is in fact an inexhaustible, demanding and effective corporate boss with a... More »
Fiat Takes over One More Company
The Italian automobile company, Gruppo Bertone or Carozzeria Bertone specializes on car styling, coach building and manufacturing. Since 1912 it has been improving the images of various Italian cars among which are Lamborghini Miura, the Alfa Romeo... More »
2009 Geneva Auto Show: Fiat 500C
Automakers love to tease public and media with new projects. The 2009 Geneva Auto Show is starting soon and journalists run around collecting all the information they can to be the first ones to tell about the upcoming models.Fiat is one of those who... More »
Sneak peek: Fiat's 500 Convertible | detnews.com | The Detroit News
This Fiat newcomer will be a cabrio coach or semi-convertible that has a retractable textile roof. It is more of a targa, and these kinds of cars usually don't need a redesign of the body. We reckon Fiat is developing this semi-convertible for two... More »
Fiat shows off interior of 500 Convertible
Fiat’s 500 will make its world debut in just a few days at the 2009 Geneva Motor Show, but the Italian automaker has decided to give us a sneak peak at the drop top’s interior. The official interior shots follow closely on the heels of a... More »
Fiat's Marchionne driven to succeed | detnews.com | The Detroit News
With his slightly rumpled appearance and casual manner, Sergio Marchionne seems more like a jovial professor than a hard-driving businessman. But the chief executive of Fiat SpA is in fact an inexhaustible, demanding and effective corporate boss with a... More »
Fiat Takes over One More Company
The Italian automobile company, Gruppo Bertone or Carozzeria Bertone specializes on car styling, coach building and manufacturing. Since 1912 it has been improving the images of various Italian cars among which are Lamborghini Miura, the Alfa Romeo... More »
Bookmark this Article:
More...
More...
Article Views Rating: 282 Words Count: 126
©2008 carwad.net
