fiat plants in italy shut over fuel strike
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

Fiat plants in Italy shut over fuel strike

Arab Today, arab today

Arab Today, arab today Fiat plants in Italy shut over fuel strike

London - Arabstoday

Fiat has said that it has made 20,000 fewer cars over the last three weeks due to the protests. Fiat chief executive Sergio Marchionne is due to meet Mr Monti later. A Fiat spokeswoman told the BBC that its plants - four in the south of Italy and one in Turin - had closed on Friday. The closure includes its Pomigliano plant, near Naples, where it is making the new Panda. Plant closures in the past weeks had stopped production and it predicted a 10% loss of its Italian market share for this month if drivers don\'t resume work in the coming days. Separately, it was revealed this week that Mr Marchionne received 14.5m euros (£12m) in compensation - 2.5m euros in cash and the rest in shares. The Fiat Group is the largest private taxpayer in Italy and also controls US carmaker Chrysler. Since taking over as chief executive in 2004, Mr Marchionne has been reorganising the company\'s car plants in Italy. Despite resistance from unions, more flexible work practices have been introduced. But according to the company, Fiat\'s Italian plants are running at just 50% of their potential capacity, while plants in the US and Poland are working at full speed. Mr Monti leads a government of technocrats tasked with leading Italy out of its debt crisis, and has pushed through a package of spending cuts, tax rises and pension reforms. Mr Monti took over from Silvio Berlusconi last year in response to the crisis, and says that without the measures Italy would face economic disaster like that which has affected Greece.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fiat plants in italy shut over fuel strike fiat plants in italy shut over fuel strike

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fiat plants in italy shut over fuel strike fiat plants in italy shut over fuel strike

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday