Fiat Supplier Oerlikon-Graziano Plans 1,370 Layoffs - Union
14 Mai 2009 - 7:46PM
Dow Jones News
Fiat SpA (F.MI) supplier Oerlikon-Graziano plans to lay off half
of its staff working in eight Italian plants due to the sharp auto
sector downturn, labor union Fim Cisl said Thursday.
In a statement, the union said that Oerlikon-Graziono announced
plans to lay off 1,370 workers out of 2,700 staff at a meeting held
at the Italian industry ministry Thursday.
The job cuts would be "unacceptable," the union said, adding
that talks on the matter should be held with the Italian government
in the coming weeks.
-By Luca Di Leo, Dow Jones Newswires; +39 06 6976 6921;
luca.dileo@dowjones.com