Newswire

Fiat Auto CEO says layoffs worth 350 mln euros

MILAN, Oct 31 (Reuters) - Fiat Auto should save about 350 million euros ($345.5 million) by laying off a total of about 10,000 workers, Chief Executive Giancarlo Boschetti told an analysts' conference call on Thursday.

Fiat said it would lay off about 200-220 managers in the next few weeks. Earlier this month, Fiat announced plans to lay off 8,100 workers, mostly Fiat Auto workers and mainly via a one-year temporary layoff scheme.

Earlier this year, Fiat laid off 3,000 workers, mostly blue-collar Fiat Auto workers.