The Slovenian automotive sector warns that it is currently facing its most serious crisis ever. Companies in the sector are warning that if state aid packages are not expanded, many bankruptcies are likely to occur. The Slovenian automobile employs more than 40,000 people who produce 10 percent of the country’s GDP and supply over 20 percent of Slovenian exports.
Until recently, it’s been one of the most dynamic part of the economy, but the 60 percent decline in production in April was followed by a further 50 percent slump in May. No recovery is anticipated for June, though it’s too soon to know what to expect in July. The Slovenian director of TPV Group Marko Gorjup said that Slovenian suppliers are highly rated internationally and that laying off employees who have been trained over many years would be highly damaging.
