Fiat to cut 1500 jobs in Poland
Updated at 8:39 am on 8 December 2012
Fiat is to cut 1500 jobs in Poland because of the weak car market in Europe.
The layoffs will be made at a plant in the southern city of Tychy, which makes the Fiat 500. Production shifts will be reduced from three to two,
Demand for new cars in the European Union fell by almost 10% in October compared with a year earlier, with all the major markets contracting.
Fiat said the market segment for cars produced at Tychy is the worst affected.
The BBC reports total production at the plant, which also makes the Fiat Panda, as well as the Lancia Ypsilon and Ford Ka, will be less than 350,000 this year, compared with 600,000 in 2009.
Production is expected to fall below 300,000 next year.
Next story in Business: Foreign retail competition bill approved in India
Copyright © 2012, Radio New Zealand