FCA Will Cut Off Salaries Of Employees
The automotive sector was one of the sectors most affected by the corona virus epidemic. The corona will cut the salaries of FCA employees who had to stop production in many countries due to the virus. Fiat-Chrysler Group (FCA) will cut 20 percent of their employees' salaries in order not to fire their employees due to the corona virus outbreak.
In a message sent to FCA CEO Mike Manley employees, salaries will be cut as of April 1 and this may take 3 months. Manley states in the message that from April 1, he will receive half of his salary for 3 months.
The epidemic of koruna virus, which has brought life to a halt by affecting the world, economically forces automotive manufacturers who have to stop their production. Fiat-Chrysler Group (FCA), one of these manufacturers, will cut 1 percent from the salaries of its employees for 2020 months as of April 3, 20. This cut will increase up to 50 percent in the company's senior management.
About Fiat-Chrysler Group (FCA)
Fiat Chrysler Automobiles NV (FCA) is an Italian-American automotive company. The company was founded in 2014 as a result of the merger of Italian Fiat and American Chrysler, and is the seventh-largest automaker in the world. FCA is traded on the New York Stock Exchange and the Italian Stock Exchange. It is registered in the Netherlands and is located in central London.
The brands of Fiat Chrysler Automobiles operate through two main subsidiaries, FCA Italy (Italy) and FCA US (America). Owners of FCA, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram Trucks, Abarth, Mopar, SRT, Maserati, Comau, Magneti Marelli and Teksid. Today, FCA operates in four regions (NAFTA, LATAM, APAC, EMEA). Source: Wikipedia