Analysts: Recent Automotive Job Cuts Are Just the Beginning

Over the last six months, automakers have announced roughly 38,000 job cuts as part of global restructuring efforts. While such things are typically part of the normal ebb and flow of the industry, the ebb could be a prolonged one as manufacturers seek ways to mitigate the high cost of tech and figure out what their businesses should look like in the 21st century.

A litany of other issues are impacting jobs. China’s economy turned out to be less stable than presumed, trade tensions have escalated in practically every major market that builds cars, and most of the developed world appears to be nearly tapped out in terms of sales growth.

As a result, analysts are growing concerned that the layoffs we’ve seen thus far are just the beginning. But they’re not the only ones. Industry insiders are also willing to admit that times are changing — and rather drastically.

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  • ToolGuy Name two innovations spearheaded by the Alliance for Automotive Innovation.
  • FreedMike …but did they ever partner with Stutz?
  • FreedMike Translated: if the manufacturers want the credit, they have to put some money into American workers’ hands. I give that two thumbs, way up. And for the record, this requirement is a walk back from the “union jobs only” restriction from the original BBB, and I give that two thumbs, way up, as well.Sounds like the manufacturers in question should stop whining and start figuring out how to increase their local sourcing.
  • Bobbysirhan After massive bus fire, CT pulls electric fleet from service (middletownpress.com)At least they're following the science.
  • SPPPP I got a kick out of the three paragraphs beginning with "As a reminder..." and ending with "straight(ish) line". In no small part because they showed up twice in the article. As I scrolled past the next picture, I was gleefully excited to see if they would show up a third time. But no, the rest of the article continued as normal. Competent though it was, the magic was gone.