Koprivnice, June 25 (CTK) – Czech lorry maker Tatra fell into a loss of Kc712m last year, mainly due to negative impacts of the economic crisis, according to a report submitted by board chairman Ronald Adams to the company’s general meeting Friday.
Due to lower demand the firm had to sell vehicles at discount prices. Its sales thus fell by about Kc140m to around Kc3bn.
Tatra also had to cut staff numbers by nearly 1,400 to 2,300 and to pay them severance pays totalling about Kc100m. More…..
Categories: Tatra Works
June 28th, 2010