Scania Issues Redundancy Notices Amid Production Cut
News: Swedish commercial vehicle manufacturer Scania's Polish subsidiary Scania Production Slupsk has issued redundancy notices to 142 employees as it cuts down bus production at its Słupsk plant. Production reduction has been driven by continued weak demand for Scania's Omni range buses and coaches for public transport. Several support schemes have been jointly formulated by Scania and trade unions to provide early retirement and redundancy payment options to the 142 employees.
BMI View: Samar reported in May 2012 that passenger car and commercial vehicle production in Poland fell 28% year-on-year and 16.5% month-on-month in April 2012, following a 26% fall in March 2012. Figures for Q112 as a whole were also disappointing. 195,600 vehicles were produced in Poland in the first three months of 2012, a 17.5% decline on Q111. Including April's figures, the country produced 249,500 units in the first four months of 2012.