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VW Slovakia doubled car output in 2012

Volkswagen Slovakia in 2012 produced almost 420,000 cars – an increase of 99 percent year-on-year – CEO Albrecht Reimold announced at a press conference on Thursday, March 21. The subsidiary's turnover rose by 27 percent year-on-year to almost €6.6 billion in 2012. According to CFO Andreas Paschke, the figures are the best VW Slovakia has ever reported.

Volkswagen Slovakia in 2012 produced almost 420,000 cars – an increase of 99 percent year-on-year – CEO Albrecht Reimold announced at a press conference on Thursday, March 21. The subsidiary's turnover rose by 27 percent year-on-year to almost €6.6 billion in 2012. According to CFO Andreas Paschke, the figures are the best VW Slovakia has ever reported.

"We invested €225 million in 2011. We increased this amount by more than 57 percent to €354.5 million in 2012," said Paschke, as quoted by the TASR newswire. VW Slovakia hired around 1,000 new employees in 2012. This was 12 percent more than the number taken on in 2011. The new staff were assigned to the production of VW's new small family car series. The firm is also planning to hire new people in 2013, principally around 100 new specialists who will focus on producing a new generation of cars.

Wilfried von Rath, the board member responsible for human resources, said, as quoted by the Sme daily, that VW Slovakia would continue recruiting people in 2013 and that the new body shop now being built could require as many as 500 new employees in the future.

Sources: TASR, Sme

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

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