MILAN: Italians waited with bated breath on Saturday for talks between Prime Minister Mario Monti and Fiat boss Sergio Marchionne on the future of a troubled auto giant that once symbolised Italy’s boom. Marchionne had repeatedly warned he may be forced to shut down one of Fiat’s five massive Italian plants, which are all producing way below capacity because of a slump in European car sales that has hit Italy particularly hard. The subject is an emotive one in Italy – where Fiat is the biggest employer in the private sector and the company’s 113-year history is closely bound up with the ups and downs of the Italian economy and the trade union movement.
Published in The Express Tribune, September 23rd, 2012.
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