Off Topic Chat General off topic chat in here. From jokes, comics to politics and sports. Content is fairly unmoderated.

Fiat temporarily suspends 48,000 workers

Thread Tools
 
Search this Thread
 
Old 12-17-2008, 08:08 AM
  #1  
Senior Member
Thread Starter
 
Jeep News's Avatar
 
Join Date: Oct 2008
Posts: 349
Post Fiat temporarily suspends 48,000 workers

Italian automaker Fiat announced today that it is giving more than half of its workers extended holidays that will see 14 of its 20 home country factories shut down for two or four-week periods until mid-January. Fiat will temporarily lay off 48,000 of its 80,000 Italian workers in order to cope with a drastic drop off in new car demand across the globe.



The affected plants include the Mirafiori facility (pictured) that builds the Grande Punto and Alfa Romeo MiTo, which will shut down for two weeks, and the Pomigliano d’Arco facility that builds Alfa Romeo 159s 147s and GTs, which will shut down for a month and the Termini Imerese facility that builds the Lancia Ypsilon will pause for a total of three weeks.

Part of the Fiat workers’ salaries will be paid by a government-administered fund, the “cassa integrazione,” which pays a portion of the worker’s salaries, the automaker said in a release. The plant idling doesn’t affect the automaker’s agricultural, construction and industrial vehicles - just passenger cars.

Fiat is struggling with the worldwide downturn in new car sales - Fiat’s new car sales dropped 25 percent to 71,000 in November over the year before, though the automaker says its European market share has actually improved from 8.2 to 8.3 percent this year.

Fiat employs 185,000 workers across the globe in 178 plants.



More...
Jeep News is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Jeep News
Various Auto News
1
09-18-2009 07:47 AM
William Oliveri
Jeep Mailing List
39
11-30-2004 11:33 PM
Johnny1000@webtv.net
Jeep Mailing List
27
02-15-2004 05:13 PM

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 


Quick Reply: Fiat temporarily suspends 48,000 workers



All times are GMT -4. The time now is 12:45 PM.

Page generated in 0.08444 seconds with 10 queries