Kolín car maker to decrease production, cut 150 jobs

The company will shorten the work week to four days and reduce the number of shifts from three to two. The changes will come in May this year according to a local media report. President Satoshi Tačihara said the changes were due to the current unstable economic environment. The factory is facing a sharp slump in sales of cars in the southern European markets and increasing competition in the segment mini cars. Last year production compared to 2010 fell by eight percent to 270 thousand cars. This year, expected to fall by a further twenty percent up to 220 thousand cars. TPCA employs 3,000 people. ----- Source:ihned.cz/