10.11.2008, 15:26
BOGDAN Tries to Minimize Impact of Current Crisis
OREANDA-NEWS On 10 November the president of Bogdan Corp. < LUAZ UZ BUY > Mr. Svinarchuk announced details of the company's efforts to minimize the impact of the current financial crisis on its business. Although he assumed a decrease in truck production, a similar decrease in car and bus production is not forecasted due to continued market demand. The company intends to increase labor productivity by use of improved production methods. Additionally, the company plans to cut costs through administrative staff redundancies.
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