Fiat plans job cuts, lower prices amid market slump
As many as 200 workers may lose their jobs at Fiat Auto Poland (FAP) by the
end of the month, as the company continues to suffer amid the slump on the
domestic car market. Speaking after a meeting yesterday between the FAP
management and labor unions, company spokesman Boguslaw Cieslar said the
planned lay-offs were a simple continuation of last year's employment
reduction. He confirmed the job cuts are linked to recent interruptions in
production, and revealed that later this month the company will have to halt
production for another three days. FAP is facing serious problems on the
Polish market, with sales down 35% last month. In an attempt to boost its
performance FAP will on Monday reduce the prices of new models by 3%. For
example, the cost of a new Fiat Seicento will be zl.650 lower. (Rzeczp
ospolita, p. B4) A.D.
