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Fiat cutting about 1,500 jobs at Polish factory

Friday - 12/7/2012, 12:50pm  ET

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WARSAW, Poland (AP) -- The Italian carmaker Fiat says it plans to cut about 1,500 jobs at a factory in Poland due to falling demand for cars on the European market.

The layoffs amount to nearly a third of the site's workforce of 5,000.

Fiat Auto Poland S.A., the company's Polish subsidiary, said in a statement Friday that the "very negative situation" in the auto market is forcing the cuts at the factory in the southern Polish city of Tychy.

The site produces the popular Fiat 500, the Lancia Ypsilon and the Ford Ka.

Fiat says it is facing serious difficulties and that there is no prospect for near-term improvement. It said the site's output fell to under 350,000 cars this year from 600,000 in 2009.


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