Carmaker TPCA to cut hundreds of jobs in March

The Czech-based car manufacturer is planning to let go some 500 agency workers in March, a spokesman for the company said, giving decreasing demand for its new models at the reason. The carmaker, which produces Toyota, Peugeot, and Citroen models, now employs around 3,700 workers, some 800 of whom have been hired through agencies. However, the firm expects to produce some 220,000 cars next year, some 10 percent less than previously thought.

Author: Jan Richter