Job Market Monitor
Fiat
Europe / Carmakers warn of more layoffs
European carmakers need to close more factories and cut more jobs, executives at the Frankfurt car show said on Tuesday, warning any recovery in demand was likely to be long and slow as unemployment remained high and bank lending weak. Continue reading
Poland / Fiat announces 1,500 layoffs
Fiat announced 1,500 layoffs at its Polish operations to reduce production, as demand is plummeting in Europe. Fiat forecasts losses of 700 million euros ($903 million) in Europe this year. The cuts will come at the Tychy plant as well as from sales staff in the country, Fiat said in a statement on Friday. Fiat … Continue reading
Fiat / To slash 1,500 jobs in Poland
Italian carmaker Fiat said Friday it would slash 1,500 jobs in a plant in Poland due to falling demand for small cars in the European market. Output in Tychy, southern Poland, was projected to fall below 300,000 vehicles next year, down from 600,000 in 2009, Fiat said in a statement. The company summoned Polish unions … Continue reading
GM | Job losses to come from its European business
The Guardian – GM would stick to a labour deal that limits factory closures before 2014, Girsky indicated nonetheless that there would be job losses from its European business. “We know in the future that there may not be the same amount of people here as there are today. It is important that we create … Continue reading
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