Polish automakers wary of slowdown in Europe

Most Polish firms involved in the production and distribution of automobiles expect the sector to lose some of its momentum amid a slowdown in Europe.

The report, produced jointly by international professional services company KPMG and the Polish Automotive Industry Association, found that 78 percent of producers and 53 percent of distributors expect the situation for automobile firms to worsen over the next 12 months.

The head of the Polish Automotive Industry Association, Jakub Faryś, said: “The fears of Polish automotive manufacturers stem from the economic slowdown in Europe, which is unsurprising, as the Polish automotive industry is highly dependent on what is happening in other European countries.”

The report, which was published on Thursday, indicated that 67 percent of producers see mounting labour costs as a problem.

However, 70 percent of distributors and 56 percent of producers do not expect to reduce employment in the next six months, while around 10 percent of both expect to take on new staff, according to the report.


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