The drug manufacturer Biotika Slovenská Lupca drug manufacturer is preparing for significant layoffs, with the firm's labor union boss confirming that about 200 people may lose their jobs.
Biotika's general director Jozef Krištofcák said that the unpopular measures were still at the preparation stage, but he later confirmed that workers would be gradually laid off until the end of this year.
The firm's management says that increased energy prices and the weakening US currency against the Slovak crown has made the preservation of the current labor force unsustainable.
Biotika has 1,000 employees, and exports about 86 percent of its production.
Compiled by Martina Pisárová from press reports.
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
10. Jun 2003 at 10:58