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Crude oil pushes toward $96
TURIN, Italy, Dec. 8 (UPI) -- Italian automaker Fiat Group announced plans to cut 1,500 jobs in its Polish division but did not announce a timetable for the layoffs.
In a statement, Fiat said the job losses were the result of poor sales and a negative sales outlook for Eastern Europe, the Italian ANSA news agency reported.
"Fiat Auto Poland has expressed to union organizations its willingness to begin immediate negotiations in order to find compatible solutions for the management of the surplus workforce," Fiat Auto Poland said.
Production at the division fell under 350,000 vehicles this year compared to more than 600,000 in 2009 and the automaker cut the number of daily shifts from three to two.
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TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
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TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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