Fiat to cut up to 15% of jobs at US subsidiary CNH
Italian auto group Fiat SpA will cut between 10% and 15% of jobs at US subsidiary CNH, an agricultural and construction equipment maker that employs around 31,000 people, Fiat said Thursday.
Fiat has denied a German news report that it plans to cut 18,000 jobs and close 10 factories in Europe, should it succeed in its bid to take over GM's European operations.