Iveco Shuts Down Austrian Factory
Fiat´s Subsidiary Iveco plans to close five factories in Europe. In total, 1,075 workers will be laid off. In Austria, 110 workers are affected.
The truck producer Iveco, which is wholly owned by the Italian Fiat Group, resolved a radical downsizing program. In Europe, five factories should be shut down. This was announced by Iveco´s CEO Alfredo Altavilla today. Until the end of 2012, the downsizing program should be completed.
„The closures are a painful decision, which should strengthen the enterprise, though. We did…