(MENAFN) Volkswagen's Czech carmaker Skoda Auto emphasized its dedication to its country, saying it was setting up to add job opportunities there, but concerned about the possibility of losing some production to Germany.
In terms of operating margin, Skoda has become Volkswagen's second most profitable brand and is on target for record sales this year.
VW managers and unions were aiming to limit the competition from lower-cost Skoda and move some of its production to Germany.
Skoda's CEO said that in the latest months, Skoda has employed 3,000 workers and was planning to employ more "to be able to cover rising demand."
Skoda's Czech union has notified that any production change could lead to up to 2,000 lost jobs at Skoda.
MENAFN1110201700450000ID1095939810
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.