Spectator on facebook

Spectator on facebook

Volkswagen Slovakia reports successful 2011 and further expansion

Volkswagen Slovakia (VW SK) enjoyed a successful year in 2011, its chairman of the board of directors, Albrecht Reimold, told the TASR newswire after his meeting on January 18 with Prime Minister Iveta Radičová.

Volkswagen Slovakia (VW SK) enjoyed a successful year in 2011, its chairman of the board of directors, Albrecht Reimold, told the TASR newswire after his meeting on January 18 with Prime Minister Iveta Radičová.

"2011 was successful for us in light of the fact that we launched production of small vehicles," said Reimold. In 2011, VW SK created more than 1,500 new jobs and expanded its production portfolio by manufacturing sports cars. The company plans to invest more than €1.5 billion in coming years, with the construction of new production facilities.

Radičová said that investments by the automotive industry create pressure to improve qualifications and represent values that will stay in Slovakia. "They are laying the groundwork for what we need most and that is jobs with so-called higher added value," Radičová stated.

Volkswagen Slovakia plans to replace part of its H4a welding hall at its plant in Bratislava’s Devínska Nová Ves district with one with a higher capacity, creating some 1,200 new jobs. The construction is planned to begin in the first quarter of this year and take approximately a year, the SITA newswire wrote. In addition to its Bratislava plant, Volkswagen Slovakia operates in Martin where it makes components for chassis and gearboxes and in Košice where it prepares vehicles for export to Russia.

Source: TASR, SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Quidditch becomes reality in Slovakia as first teams emerge Video

The wizard sport, fighting for its status in the real sports world, has won the hearts of some Slovaks.

Robert Fico is not Saddam Hussein

It would take too long to list all the crazy distortions the international media presented about Central Europe and the Czech election campaign this week.

Babiš

Top stories from Last Week in Slovakia Video

Voters’ indifference affects regional votes - Can Slovaks be lured back from Britain? - Petit Press majority owner dies

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between October 20 and October 29, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

International Halloween Party