Volkswagen AG’s Skoda unit announces it will initiate a 2-day production slowdown March 28-29 at its Mlada Boleslav plant in the Czech Republic. The cutback will reduce output at the plant by 2,000 units. Skoda is initiating the downtime in response to weak demand and a rise in the Czech crown currency, which has risen 10% against the Euro in recent months. The company expects the move to affect only one-quarter of the 16,600 workers at the plant.
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