Some top European companies see no major disruption after Russia cuts off gas to Poland, Bulgaria

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 92%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Stellantis, which owns the Fiat and Peugeot brands, said on Wednesday its three plants in Poland were not affected by Russia’s decision to halt gas deliveries

and Michelin, said on Wednesday Russia’s decision to halt gas deliveries to Poland and Bulgaria had not disrupted factories, even as worries grow about possible bigger cuts in the region.

Poland has become a major automotive industry hub over the past two decades as carmakers including Volkswagen and Fiat built factories there drawn by its low labor and production costs. “Our operations continue to run as normally as possible in the context of semiconductor shortage, COVID pandemic, war,” the spokesperson told Reuters.

“We are working on how to reduce demand, but also on changing the energy source as quickly as possible. An abrupt stop would have an impact on the industrial side,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Russia needs to stop this miseries war

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines