Škoda to scale back production to four days per week
The automobile manufacturer Škoda Auto has announced it will be scaling back production to just four days a week as of January 19. The move is in response to the continuing financial crisis and the measures are to stay in place until June. There will be no production at the plant in Mladá Boleslav, north-east of Prague on Fridays, with the exception of one vehicle, the Škoda Roomster. Employees staying at home an extra day will receive 75 percent of their pay check, plus daily bonuses, the company announced after negotiating the terms of the new agreement with union representatives.