Major Slovak automotive supplier reports 12 million euro loss amid falling orders
Share:
A major Slovak automotive company has fallen into a 12 million euro loss and begun laying off workers as it struggles with declining orders. The automotive giant, which employs thousands of people, has been particularly impacted by challenges related to Tesla and broader shifts in the automotive industry. The company's steep financial decline highlights the pressures facing Slovakia's automotive sector, which is a crucial pillar of the country's economy and one of Europe's largest car manufacturing hubs per capita.