Given the fact that the autmotive industry is among the hardest-hit by the Covid-19 crisis and its employees are predominantly in technological unemployment for an unpredictable period, up to 2.0% on average of all employees in the national economies could be affected because of the suffering automotive sector alone. това за безработицата The overall effects of the Covid-19 shutdown remain unclear at the time of preparation of the current report, but operating revenue is expected to fall dramatically on an annual basis. For example, Romania’s ACAROM estimated that the country’s car assembly and automotive parts manufacturing industry lost EUR 124 mln per each day of discontinued operations. If expectations for gradually resuming production activity in the beginning of May 2020 come true, this means a net loss of revenues of up to EUR 5.0 bln in Romania alone as a direct consequence of the halt. Additional losses, probably exceeding the above mentioned immediate direct losses, will be incurred from the ongoing effect of evaporated demand by the end of the year. Given the geographically uniform effect of the Covid-19 crisis and the simultaneous actions and measures taken by the major players in the SEE automotive sector, we can assume that the distress on regional level will have proportions similar to those in Romania. Thus, the aggregate losses for the sector could exceed EUR 8 bln.
Jun 10, 2026
BucharestJun 30, 2026Marrakech
