Tofas, a joint venture between Fiat and local firm KOC, has said it has laid off 657 workers amid poor demand for cars.


In a statement to the Istanbul Stock Exchange, Tofas said another 241 workers had taken voluntary leave. Last month, Tofas announced it would halt production between Dec. 27-Jan. 12.


Other automakers in Turkey have announced similar measures as inventory has risen and both domestic and export markets have turned down.