Volkswagen Sells Slovak Factory
4 Articles
4 Articles
Volkswagen in Slovakia is selling its plant in Martin, where it has been producing parts for passenger cars for more than a quarter of a century. The buyer is expected to be a subsidiary of the MAN concern, a manufacturer of trucks. The change affects 700 employees, who, according to information from the industry, may be threatened with layoffs and salary cuts.
The plant, in which Volkswagen invested 320 million euros, is to change ownership and production. The future of hundreds of people is still unclear.
The concern is changing its strategy and production in Martin may transform from parts for passenger cars to parts for trucks.
Volkswagen wants to sell its plant in Martin and move the current production of components for passenger cars to other countries, including China. According to industry sources, the transformation of the factory may also involve laying off hundreds of people or reducing salaries. The information was brought by Denník N. The future appearance of the plant with...
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