Skoda will extend holiday break until January 10th

Written by Miroslav Marinov

Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.

, | Updated: October 30, 2024

Christmas break at Volkswagen’s Skoda Auto will be extended until January 10th, unions at the largest Czech auto maker said in their weekly bulletin, as the auto sector continues struggling with disruptions in parts deliveries.

The break is to start on December 23rd at Skoda, but only part of it will be counted as a holiday for the company employees, the unions said.

Workers will receive compensation for the other part equal to 80% of their wages, as production will halt.

Supply bottlenecks for chips have been weighing on the automotive industry around the world.

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