Management at SEAT want to cut jobs by a further ten percent as part of plans to return to profit.
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Unions sources told Reuters that the SEAT managers have started contacts with the unions. Seat has said that it has started a process which “shouldn’t include sackings but rather agreed layoffs.”
Seat is loss-making. In 2006 its lost EUR49.1m, although this was down slightly on the preivous year’s loss of EUR62.5m.
Production at the automaker’s factory in Martorell, near Barcelona was up to 408,000 cars last year from 385,000 a year earlier and sales rose 1.9% to 430,000 units, the report added.
Last month, Seat Chairman Erich Schmitt said the key elements of a plan to return to profit by 2008 would be to launch new models and adjust costs, including staff spending.
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