TATRAVAGÓNKA, a major railway carriage maker in Poprad (Prešov region), will lay-off 450 workers due to decreased demand for coaches on the European market, the TASR reported.
"We currently employ 2,083 people, but this is unsustainable, given our 25-percent reduction in output. Downsizing will make the company more dynamic and competitive," says Human Resources director Ján Smik.
If the company doesn't downsize, economic necessity could force it to accept unprofitable contracts. The company's last staff-cut was in October 2003, when 98 workers lost their jobs.
Compiled by Marta Ďurianová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
21. Feb 2005 at 12:30