Fiat cutting about 1,500 jobs at Polish factory
In this photo taken Aug. 19, 2009 a Warsaw citizen looks at Fiat car models at a car dealer in Warsaw. THE CANADIAN PRESS/AP, Czarek Sokolowski
WARSAW, Poland - The Italian carmaker Fiat says it plans to cut about 1,500 jobs at a factory in Poland due to falling demand for cars on the European market.
The layoffs amount to nearly a third of the site's workforce of 5,000.
Fiat Auto Poland S.A., the company's Polish subsidiary, said in a statement Friday that the "very negative situation" in the auto market is forcing the cuts at the factory in the southern Polish city of Tychy.
The site produces the popular Fiat 500, the Lancia Ypsilon and the Ford Ka.
Fiat says it is facing serious difficulties and that there is no prospect for near-term improvement. It said the site's output fell to under 350,000 cars this year from 600,000 in 2009.
latest auto gallery
On September 17, 1976, NASA unveiled the very first Space Shuttle, named Enterprise. Constructed without engines or a functional heat shield, it did sp... More On September 17, 1976, NASA unveiled the very first Space Shuttle, named Enterprise. Constructed without engines or a functional heat shield, it did spent any time in Space, however it did pave the way for future flight in Space. In this featured footage, filmed on April 27, 2012, 'JollyRogerPhoto' captured stunning sights of Enterprise over John F. Kennedy International Airport, while piggybacking on the 747 Shuttle Carrier Aircraft on its way to the Intrepid Sea-Air-Space Museum. Video by Dan Adams of Aviation Photojournal.
Date 18 hrs ago, Duration 0:37, Views 885