An accelerated decline in demand for cars with ICE engines in Europe, expected for the next five to 10 years, would significantly affect Romanian manufacturers with direct consequences including state revenues and the loss of dozens of thousands of jobs, according to a Frames & Factory 4.0 analysis quoted by Adevarul and reported by Romania Insider.

The Romanian industry’s competitive advantages today – cheap labour, low operating costs – may become irrelevant in the next decade, amid the “industrial revolution” that the car industry is going through, according to the report.

The most affected will be car manufacturers and some manufacturers of parts for combustion engines, as the production of electric motors requires 90% less labour force than that of ICEs.

Factory 4.0 head manager Marius Haratau suggested support may come in the form of training people for the roles they will be supposed to play in future factories.

“There are almost 200,000 employees in this sector, and the focus on technology and digitalisation will make many of the jobs in this sector disappear or be fundamentally transformed in the perspective of the next ten years. There is a need for retraining courses for them and not only for them, for all Romanians who want to specialise in new technologies.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.