Thursday 18 December 2008

Fiat Layoffs Job Cut: fires 50000 employees temporarily

The economic crisis is hitting all sectors. Fiat, the famous car manufacturing company, has decided to go for period based layoffs - around 50,000 employees will be asked by the company to sit at home for an extended period during christmas and New Year. Fiat Layoffs

It i for the the first time that the fiat group has decided to shut down majority of its Plants in italy for almost a month and force the employees for an extended period of leaves.
How many employeed will be affected by the Fiat temporary closure or Layoffs Job Cut

Around 50,000 employees are expected to be affected by the closure and leaves.

How many plants will be shut down by Fiat ?
Around 14 plants of Fiat's 20 Italian plants will be shut down


Which class or segment of employees will be affected in Fiat Layoffs Job Cut
Majority of the employees will be blue collar employees or prodution workers

What is the total strength of Fiat ?
Around 80,000 is the total employee headcount in Italy.

What will happen to pay and salaries of the employees in the Fiat Layoffs Job Cut
Under the temporary layoff scheme, a part of the workers' salaries is paid by a government-administered fund that includes industry contributions

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