KREMENCHUK, Sept. 5 - Kriukov Car Building Works (KCBW, Poltava region) says it intends to reduce its workforce due to a fall in production.

KCBW Chairman Yevhen Khvorost said that around 500 people would be dismissed.

"We plan to dismiss up to 500 people by the end of the year. This will affect pensioners and poor performers at first. We won't dismiss young people," he said.