Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

VW considers salary cuts

BRATISLAVA-based carmaker Volkswagen (VW) is allegedly planning to cut the salaries of its employees by 4 percent. The company has already submitted the proposal to trade unionists, explaining that it wants to invest in modernising its production lines so that it will reduce employee work hours, the Hospodárske Noviny daily wrote in its January 21 issue.

The salary cuts will be the first to occur in the Bratislava-based plant since its establishment.
“We ask you to assess the economic situation in the automotive sector and its impact on Volkswagen’s management in the future when the jobs are threatened,” reads the material submitted to the trade unions, as quoted by Hospodárske Noviny.

Spokesperson for VW Slovakia Vladimír Machalík said that collective negotiations over the salaries are still underway, and that he will discuss their results as soon as they are over.

The company is allegedly planning to reduce the work hours of its employees from eight to six hours, Zoroslav Smolinský, head of the VW trade unions, told Hospodárske Noviny. He explained that the main reason is not due to a lack of orders, but so that the firm can improve its production lines and abolish Sunday shifts. He added that VW is not planning any layoffs.

Topic: Automotive


Top stories

Chinese are closer to taking over Košice steelworks

The sale may be completed early next year, according to reports.

U.S. Steel Košice

Third anti-corruption march drew thousands Photo

The only demand that has been met to date is the abrogation of Vladimír Mečiar’s amnesties by parliament.

The anti-corruption march

Slovak water slalom racers start championship with a victory Video

The single canoe slalom team can boast with several records.

l-r: Alexander Slafkovský, Matej Beňuš and Michal Martikán

Blog: In Slovakia, tradition is key

The year round, the calendar is filled to the brim with traditional habits, happenings that seem to go back centuries.

Traditional "vinobranie" event in Pezinok.