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Tofas halts production after labour action

ISTANBUL, May 18, 2015

Turkish automaker Tofas said on Monday it halted production at its plant in the northwestern city of Bursa as employees joined a labour protest, adding the stoppage was not expected to have an impact on its sales.

Workers at Tofas, a joint venture between Italy's Fiat and Turkey's Koc Holding, have joined a protest over employment conditions launched on Thursday at Turkey's largest car factory run by Oyak Renault, a joint venture between the French automaker and the Turkish army pension fund Oyak.

Tofas made its statement to the Istanbul stock exchange.  - Reuters




Tags: protest | Automaker | Tofas |

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