Volkswagen to move Slovakia line to Bosnia
Volkswagen, Europe’s biggest car maker, plans to move an assembling line from Slovakia to Bosnia, the director of Volkswagen’s partner firm in Bosnia said on Monday.
Volkswagen runs a small operation with ASA Holding, assembling Volkswagen and Skoda models at the Sarajevo plant. “The steering board of Volkswagen Sarajevo is due to approve on August 27 the decision to move a factory from Slovakia to Sarajevo,” ASA Holding General Manager Nihad Imamovic told a news conference in Sarajevo. “It will employ some 600-700 people,” Imamovic said. He gave no reason for the move from Slovakia.
VW owns 58% of Volkswagen Sarajevo, and ASA Holding, its official dealer and car parts maker, owns the rest. (Reuters)
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.