The economic daily Hospodárske Noviny reported that the biggest private employer in Slovakia, the steel works owned by US Steel Košice, wants to reduce the number of its administrative employees by 15% by the end of June of this year/

As per report, this will affect 450 managers and administrative who have been asked to voluntarily leave their jobs.

The report added that “Due to tax abatement granted by the state when US Steel bought the facility, it may not lay off people until 2010. Therefore it wants to encourage people to change qualification or resign as a result of its one time offer of a financial package to employees.”

In the first quarter 2009, the company posted a loss of about EUR 336.2 million.

(Sourced from Flash News)