The situation at the Czech Republic’s internationally known Zetor tractor company has been stabilised following major layoffs announced last year. The downsizing and clearing of inventory proved effective and the company will even make a small number of fresh hires in the coming year.

Since its foundation in 1946 Zetor has produced over 1.3 million tractors. Its most prosperous years were under Czechoslovakia’s Communist system, when at one point production reached no less than 20,000 a year.

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