ITALY: Fiat layoffs to begin Monday after talks fail - report
A Financial Times report carried by the National Post said that Fiat Auto is ready to lay off 5,600 workers next Monday after the Italian government on Tuesday failed to broker an alternative plan between the troubled car maker and angry trade unions. The report said that labour leaders were left with no resolution after meetings with Antonio Marzano, the Industry Minister, who has been one of several government members pressing Fiat to reduce the layoffs and speed up its investment plans.
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