Mexican Media Brands
Europe Could Lose 500,000 Auto Jobs
Employment cuts at Fiat SpA, PSA Peugeot Citroen and other automotive companies could eliminate more than 500,000 of the European auto industry's 7 million jobs by the end of 2013, Bloomberg News reports.
#workforcedevelopment
Share
Employment cuts at Fiat SpA, PSA Peugeot Citroen and other automotive companies could eliminate more than 500,000 of the European auto industry's 7 million jobs by the end of 2013, Bloomberg News reports.
The news service cites Lars Holmqvist, a senior auto advisor at Brussels-based consultancy Kreab Gavin Anderson. He predicts the brunt of the reductions will fall on the industry's 1.5 million temporary workers, whose employment isn't protected by union contracts.
Holmqvist, who headed the region's CLEPA supplier group until April, estimates that every lost auto production job results in the demise of five supplier positions.
Europe's auto industry has lost about 800,000 jobs since 2007, according to Bloomberg. It cites cuts this year than include 14,000 jobs at PSA, a reported 500 management posts at General Motors' Opel unit and 500 temporary positions at Ford.
A few profitable auto companies are bucking the trend, including BMW, which has hired more than 5,000 new employees in the past 12 months, the news service notes.
RELATED CONTENT
-
Bentley Looking for Apprentices
It is always encouraging to learn about the efforts of OEMs and suppliers that are running apprenticeship programs to help train the future of the industry.
-
2016 Honda HR-V: Small Only in Size
Although this is a subcompact crossover utility, Honda designers and engineers packed a whole lot into the HR-V.
-
Labor: A Study of the Automotive Industry's Scarce Resource (PART 1 OF 3)
The shift is on to using lighter materials for the vehicles at Ford, with aluminum being an important aspect of this shift. Here's what's happening.