Huge cost pressure – How car suppliers are now maneuvering through the crisis

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At VW, factory closures have been averted, but more than 30,000 jobs are expected to be lost; Stellantis extended the production pause in Mirafiori, near Turin, until January 20 – two examples of how deeply the crisis is affecting the car industry. Suppliers are also challenged accordingly. From temporary layoffs to working time reductions and zero pay rounds: here you can read what the reactions are.

The turbulence in the automotive industry is affecting more and more suppliers. At TCG Unitech in Kirchdorf an der Krems, after the threat of layoffs, management got almost all employees to say “yes” to a round of zero wages. At Stiwa, temporary layoffs (with the promise of redeployment) and reduction of working hours and therefore also the waiving of salaries are on the agenda.

Source: Krone

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