About Auto Europe
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Latest Auto Europe News
Sep 5, 2023
Autoeuropa will suspend its production due to a lack of components and will resort to the layoff regime. “At the origin of the problem is the lack of an essential part for the construction of the engines, produced by a supplier in Slovenia, which was severely affected by the floods that occurred in early August”, he revealed in a statement. The Palmela factory also says that “with the aim of minimizing the impact on the monthly remuneration of employees affected by the layoff, an agreement was reached between the management and the workers’ commission to complement the legal remuneration contribution at 80% of the base remuneration, including a subsidy of shift, additionally, a 15% compensation will be given resulting from the downdays flexibility tool, equivalent to a total of 6 (six) downdays, with proportional individual application during the layoff period”. The company also clarifies that it responds in this way “to the need to maintain the financial liquidity of employees during this period”, adding that “the Volkswagen group is committed to re-establishing production at the affected factories as soon as possible”. And given this scenario, he clarifies that the group has technical support teams at the supplier and continues to evaluate alternative sources of supply. “The factory’s management is monitoring the evolution of the situation with the support of the Volkswagen Group’s purchasing and supply and logistics teams in order to reduce the period of production stoppage. production at the Palmela factory will resume as soon as possible”, he concludes.
Auto Europe Frequently Asked Questions (FAQ)
When was Auto Europe founded?
Auto Europe was founded in 1954.
Where is Auto Europe's headquarters?
Auto Europe's headquarters is located at 39 Commercial Street, Portland.
What is Auto Europe's latest funding round?
Auto Europe's latest funding round is Acquired.
Who are the investors of Auto Europe?
Investors of Auto Europe include Court Square Capital Partners.