Fiat To Close Turin Headquarters For Eight Days To Save Money

Fiat plans to close its Turin headquarters for eight working days this month and July to save money.

Some 5,400 staff at the company's Mirafiori headquarters will be affected by the move, which will save Fiat about 1 million euros ($1.25 million) a day, sources told Automotive News Europe.

The workers will receive about 80 percent of their normal pay to remain at home. This will be funded by the country's Cassa Integrazione temporary layoff program.

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