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Tele-Fonika Kable to cut 900
Polish based cable and wire producer Tele-Fonika Kable plans to lay of 900 employees or 19% of its workforce.
The lay offs will affect all production units across the group. The company has seven plants, of which five are located in Poland, said PB. Tele-Fonika Kable also plans to sell parts of its business, however it will not close down any plants. The company wishes to optimize production process and reduce costs.
