According to the Slovak daily newspaper Hospodarske Noviny in Slovakia was made a decision to stop the Peugeot factory. The owner of the plant, the PSA Peugeot Citroen Company will be forced to stop the production because of falling demand for its products.
It is assumed that the Peugeot Citroen factory will be stopped for 13 days in the next 3 months. The stop of the conveyor of the Slovak enterprise will be held for the first time on April 6, then for 6 days in May and 6 days in June.
Today the Peugeot Citroen factory is the largest car production company in Slovakia. Plant’s facilities are designed to produce over 200 000 vehicles per year. The plant is located near the town of Trnava and is one of the largest employers in the city.
The management of the enterprise intends to use the forced stop for its own purposes. As expected, for almost two weeks of break in the work of the plant, the PSA Peugeot Citroen Company plans to partially modernize the production facilities.
As expected, the stopping of work of the company will reduce the production of Peugeot cars at least for 11 000 cars.
At present in Slovakia there are three key automakers: Volkswagen, Kia and Peugeot. In 2009 all the companies in Slovakia suffered the decline in production. In 2010 Slovakia is expected to recover the local car industry and return to the pre-crisis figures. Thus, the Korean Kia Motors announced its intention to increase the production of cars at its Slovak plant by 40%. In addition, the recovery in terms of investments was also seen at the enterprises producing components. Thus, the French manufacturer Faurecia, which manufactures instrument panels to the Audi T7 model, announced its intention in the near future to invest in the Slovak plant in Hlohovec 11, 5 million euros.