Polish tractor plant to cut jobs

07 April 1998

Polish tractor plant to cut jobs

POLISH trade union Solidarity has agreed for management of the ailing Ursus tractor factory to cut jobs among its 12,000 staff in a bid to reduce losses.

The shift in the unions stance follows a slump in tractor sales in the first two months of the year after a cut in Government subsidies for loans to farmers.

Ursus tractor sales are expected to reach 10,000 this year. It needs to double this for the plant to break even.

• Financial Times 07/04/98 page 2