Don't miss

Replay


LATEST SHOWS

FOCUS

France struggling to recruit prison imams

Read more

ENCORE!

Brazil’s contemporary art star Vik Muniz comes to Paris

Read more

FASHION

Men's fashion for summer 2017, part 1

Read more

ENCORE!

Music show: Metronomy, Celine Dion, Snoop Dogg and Jazz

Read more

TALKING EUROPE

UK votes to leave the EU: What now? (part 2)

Read more

IN THE PAPERS

'Iceland: How far will they go?'

Read more

IN THE PAPERS

'Hollande and Merkel don't have a real project for Europe'

Read more

BUSINESS DAILY

$3 trillion wiped off global markets since Brexit

Read more

EYE ON AFRICA

Michelle Obama visits Liberia

Read more

Business

Up to 1,500 jobs to be axed at Fiat's US subsidiary

Latest update : 2009-04-23

Italian auto group Fiat has announced it will cut 10 to 15% of administrative jobs at its loss-making US subsidiary, CNH, an agricultural and construction equipment maker. In total, up to 1,500 employees worldwide will be affected.

AFP - Italian auto group Fiat said Thursday it would cut up to 1,500 administrative jobs at its loss-making US subsidiary CNH, an agricultural and construction equipment maker employing around 31,000 people.

Fiat's chief executive Segio Marchionne told a telephone news conference about the planned cuts, which will affect between 10 and 15 percent of administrative jobs.

A Fiat spokesman said CNH employed about 10,000 administrative staff, so the number of jobs affected could reach 1,500. Another spokesman had said earlier that the percentage applied to a total of 31,500 jobs.

Date created : 2009-04-23

COMMENT(S)