Don't miss

Replay


LATEST SHOWS

DEBATE

The Race to Save Lives in Nepal: World Ramps up Efforts to Provide Emergency Aid (part 2)

Read more

DEBATE

The Race to Save Lives in Nepal: World Ramps up Efforts to Provide Emergency Aid (part 1)

Read more

MEDIAWATCH

Nepal earthquake on social media

Read more

TALKING EUROPE

Louis Michel: 'Europe is not guilty' of Africa's failings

Read more

TALKING EUROPE

Italy's Europe minister: 'Bold measures' needed to dismantle human trafficking

Read more

ENCORE!

Music show: Blur, Martin Gore and Moriarty

Read more

FOCUS

France steps up cyber defence in wake of attacks

Read more

BUSINESS DAILY

End of an era as Volkswagen's Piech resigns

Read more

THE OBSERVERS

Police beat kids in Guinea, and militias dynamite homes in Iraq

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)