Milan

Marchionne reassures Fiat committed to Italy

'In 3-4 years, we will get full use of employees' says CEO

Marchionne reassures Fiat committed to Italy

Milan, January 17 - Fiat CEO Sergio Marchionne said Thursday that the carmaker was committed to Italy, the Turin-based company's largest market. "We are ready to confirm all of our commitments to Italy," said Marchionne at an automotive event sponsored by Italian car publication Quattroruote. Fiat, Italy's largest private employer and biggest industrial company, is trying to restructure its operations in Italy amid historic drops in sales at home. It recently announced that 2012 was its worst year for auto sales in Italy since 1979. Those numbers have helped spark a period of tumultuous labour relations amid temporary layoffs at its plants in recession-plagued Italy. On Thursday, Marchionne sought to calm fears of any downsizing. "In three to four years we will be getting full use of our employees," he added.

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