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Machinery firm fires more employees

Tanax, a machinery firm that evolved from former Slovak car-maker VAB, is to fire a further 290 employees this spring, bringing its workforce under 1,000 from over 5,500 in the 1970s.

Tanax recorded a profit of Sk17 million ($400,000) last year on turnover of over Sk1 billion.

Compiled by Tom Nicholson from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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