Car Makers To Boost Economy with 3,000 More Jobs
An article in today’s Hospodarske Noviny shines hope of increased economic growth in Slovakia, as all three car manufacturers plan to up their production and generate around 3,000 new jobs.
Volkswagen, Kia and PSA Peugeot Citroen are all planning investments into their production lines, with VW expecting to generate an additional 1,500 workers to its already 9,400 strong workforce (and possibly hundreds more jobs created in the supply chain) with the possible launch of a new line to produce its Lamborghini SUV’s, with full production also of Porsche Cayenne models by 2017.
The VW plant near Bratislava is a key contributor to the country’s economy, and together with the other car makers, keeps Slovakia’s trade balance in check, thanks to strong exports. The companies will be hoping for financial stimulus from the state, as before, with VW hoping for tax relief.