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Fiat to Temporarily Lay Off Salaried Staff in Italy

Fiat SpA says it will lay off 5,400 salaried employees at its offices in Turin, Italy, for three days each in June and July.

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Fiat SpA says it will lay off 5,400 salaried employees at its offices in Turin, Italy, for three days each in June and July.

Fiat says all company operations have been slowed by the 20% slump in the Italian auto market this year. Hourly workers at Mirafiori are already on temporary layoff because the plant is closed for retooling.

Gardner Business Media - Strategic Business Solutions