in Turkey automotive industrialists are worried about the latest situation. Developments both inside and outside the country do not paint a positive picture.
The global inflation that emerged after the pandemic, the never-ending chip crisis and the energy problems that emerged after Russia’s invasion of Ukraine affect everyone globally. Many large companies are making layoffs, and it is often pointed out that economically difficult days await us. Among the affected sectors automotive world is coming, the latest situation of this sector in Turkey does not seem very pleasant either. Located in My Economy According to the news, automotive manufacturers, who saw an increase of nearly 100 percent in labor costs after energy, despite the constant exchange rate, It is concerned about losing its global competitiveness completely.
talking about it The Union of Chambers and Commodity Exchanges of Turkey (TOBB) Automotive Supply Industry Council President Alper KancaNoting that almost all wages changed from the lowest to the highest with the minimum wage, he said that this situation weakened the competitiveness of labor-intensive industrial sectors significantly. Alper Hook also “In 2022, while the euro exchange rate has increased by only 30 percent, there is an increase in wages of up to 100 percent. Unbelievable trouble for export companies. More importantly, in the EU energy There was a difference in our favor as the costs increased. But we lost our advantage. The energy discounts made for the industry in the past weeks were also insufficient in this regard. said.
In addition to the above, Kankan makes a comparison of the latest situation regarding cost increases, “While industrial production inflation has increased by 25-30 percent in the last year in Germany, our most important export market, this rate exceeds 100 percent in our country. In fact, this rate is much higher in some companies.” says. Sector representatives stated that this high rate of increase in production costs in the Turkish automotive industry, He also states that it poses a risk for new model investments that will come to the country in the medium and long term.
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Alper Hook EYT also talks about stating that it has another risk for the sector,, “Many employees on EYT are on standby. They are focused on enacting the law. It may not be a huge migration, but it will increase the shortage of qualified personnel for a while. This will give the industry a headache.” makes the statement.
OIB President Baran Celik On the other hand, while there have been cost increases in many items due to labor and inflation, the constant exchange rate has negatively affected the global competitiveness of the automotive industry, and points out that the sector’s need for access to finance has increased in this period. Baran Celik, “At the moment, the biggest problem facing the exporter is the inability to reach financing, although the need for working capital has increased a lot. Access to business loans is very difficult, especially through private banks. There is no appetite in banks” says.
Meanwhile, there is another negative news from the sector for the Turkish economy. South Korean SK Ten company’s RAM in partnership It is suggested that the plan to produce batteries in Turkey has been shelved. being driven.