Main industry issues

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Current situation on the market requires new approaches in almost everything that automotive companies do, from reporting to their stakeholders and the investment community at large, to making decisions about their tax and legal structures in a depressed market, and to rethinking their entire business structure to eliminate complexity that hinders competitiveness and stifles innovation. Those new approaches in a changed global market are essential to ensure a successful future.

Decision-makers in the Slovak automotive sector face high strategic risk and uncertainty in several areas:

  • Lack of a qualified labour force.
  • Interdependence with neighbouring economies.
  • Application of the Slovak tax and labour legislation.
  • Overall Slovak competitiveness in production costs.
  • Inventory management.
  • Productivity - scrap rates
  • Changes in accounting regulations.