Up to 80,000 jobs to be lost as electric vehicles charge ahead
The global automotive industry will produce 88.8-million cars and light trucks in 2019, an almost 6% drop from a year ago
Frankfurt — It’s turning out to be one of the worst years ever for automotive sector workers across the globe amid shrinking demand and a tectonic shift in vehicle technology, with Daimler and Audi announcing almost 20,000 job cuts in just the past week.
All told, carmakers are eliminating more than 80,000 jobs during the coming years, according to data compiled by Bloomberg News. Although the cuts are concentrated in Germany, the US and the UK, faster-growing economies haven’t been immune and are seeing carmakers scale back operations there...