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10,000 Jobs Expected To Go In Fiat Restructuring

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Next week Fiat will announce details of its restructuring plans, which are expected to see worldwide job cuts of 10,000, many of which are likely to be in the US operations of Case New Holland. 1,000 jobs will go in Italy, through early retirement. Fiat chief executive Giuseppe Morchio will announce detailed plans on Thursday 26th and it is said that greater emphasis will be placed on R&D in the future.

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