Did you know that in the region of Central and Eastern Europe are being produced personal car models of 18 famous car brands? If you are driving cars like Audi, Citroen, Dacia, Hyundai, Fiat, Ford, Opel, Lancia, Kia, Medcedes – Benz, Peugeot, Porsche, Renault, Seat, Suzuki, Skoda, Toyota or Volkswagen, following popular car models are being produced there. More brands like Land Rover and brands connected with automotive suppliers started to build new plants there. The CEE region automotive sector is a key player both as employment provider and GDP generator, as most manufactured products are exported.
Central Europe has became an important motor vehicle manufacture player in recent years by attracting automotive manufacturers with its cheaper workforce, but nowadays increasing pressure on wage growth is evident. Car production and automotive supplier production are significant economic growth drivers in these countries. Standards of living are growing, unemployment rates are decreasing every year, and the countries are slowly catching up with developed EU countries. Nevertheless, skilled workers in the region are still significantly cheaper than similarly qualified personnel in Western Europe. However, automotive employers are beginning to feel the lack of qualified personnel in the labour market, and employees at some production facilities are beginning to demand wage increases at the individual and trade union level. You can find detailed information about salaries in the automotive sector according to Paylab data in Budapest Business Journal.
Read more in our official Press Release.
