TO SHUT FIVE EUROPEAN PLANTS THIS YEAR
CEO Alfredo Altavilla has revealled that the truck and
bus maker, now a part of Fiat Industrial, is poised to
axe five of its European plants, one each in France and
Austria and three in Germany, by the end of the year.
The news came in comments
made by Altavilla to the ANSA news agency and is
set to affect 1,075 staff across these plants. Altavilla
told the agency that its factories at Chambery in France
and Graz in Austria as well as a trio in Germany in
Weisweill, Goerlitz and Ulm will all close down. The Ulm
site will have a lifeline though as it will be handed
the role as a centralised production centre.
"These are painful
closures but they will boost our overall business. We
have not however cut our investment," Altavilla claimed.
"When the markets recover we will be ready," he
believes. Iveco manufactures a wide portfolio of
products from the Daily light van through to the Stralis
tractor, as well as a range of specialist and military
Two months ago the
truck maker announced that the specialist Iveco Magirus
plant at Saint Alban
Leysse in the South East of France, which manufacturers
an array of fire fighting application equipment and
employs 171 staff, would be closed.
© 2012 Interfuture Media/Italiaspeed