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Škoda Auto Denies Reports of Mass Job Cuts, Calls Claims ‘Sensational’

PRAGUE (CHATNEWSTV) — Škoda Auto pushed back against recent media reports suggesting significant job cuts, calling them “insufficiently researched” and “sensational.” The automaker insisted no additional measures are planned beyond those already announced in 2024.

“No further measures are planned beyond the points already openly communicated last year,” Škoda said in a statement Tuesday, responding to speculation following CEO Klaus Zellmer’s comments at the Automobilwoche conference in Germany.

As the automotive industry undergoes a historic transformation, Škoda is implementing its Next Level Efficiency+ Programme, which includes a gradual reduction of staffing levels in indirect areas through natural turnover. The company aims to cut positions in these areas by 15% by 2028 while reinvesting 5% into strategic growth sectors.

“This reflects Škoda’s sensitive approach to a socially responsible transformation while avoiding possible layoffs,” the statement read. The company emphasized that direct production roles will not be affected.

Škoda Auto also reaffirmed its commitment to employee retraining and upskilling, particularly in IT and engine development, as it aligns with Volkswagen Group-wide initiatives.

“We will not let these rumors deter us in our joint efforts to make Škoda Auto successful like never before,” Zellmer said. He added that the company will present its 2024 financial results and future outlook on March 13, urging skeptics to examine Škoda’s business performance.

The automaker, in coordination with the KOVO Trade Union, vowed to take all necessary steps to secure future jobs while remaining competitive and profitable amid industry shifts.

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