Over half of automotive industry firms cut wages, aim to slash employment

More than half of companies in the automotive industry have already reduced salaries and plan to reduce employment, according to the survey “Barometer of moods of managers of automotive companies,” conducted in Poland by KPMG, a global consulting giant, along with the Polish Automotive Industry Association (PZPM).

As highlighted in the announcement, the difficult situation in the automotive industry translates into pessimism…