French car-maker PSA Peugeot Citroen Slovakia, based in Trnava, is to reduce the number of its employees by 190 people from March.
The company has informed the OZ KOVO metal-workers trade union about the plan, company spokesman Peter Švec told the TASR newswire on February 4.
"In 2008, the car-making industry found itself in a deep crisis. In Europe, car sales fell year-on-year by 8.8 percent," said Švec, adding that estimates for 2009 suggest the downward trend will continue.
Employees made redundant will be paid the equivalent of four or five months’ salary in compensation, depending on the number of years they have been employed by the firm.
In 2009, the car-maker plans to employ approximately 3,000 people, operate a two-shift operation and produce 850 cars a day.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
