Carmakers will shed 80,000 jobs as technology and falling demand upend the industry

  • 📰 latimes
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 82%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

It’s turning out to be one of the worst years ever for auto workers across the globe.

With profits plumbing decade lows, the Japanese automaker is shedding 12,500 positions in the coming years, mostly at factories across the globe, to reduce costs as it rushes to refresh an aging model lineup. A redesigned version of the battery-powered Leaf, which debutedbecause of the loss of the company’s longtime leader, isn’t giving the company much of a boost this year.

On Nov. 22, about 15,000 people marched in the streets to protest job cuts and factory closures in Stuttgart, the German city that’s home to the global headquarters of Daimler, Porsche and major parts supplier Robert Bosch.

 

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

This “grand economy” has left the younger generations with underpaid jobs in an overpriced America. Purchasing autos is a minimal and dwindling part of the conversation. I just hope we’re not asked to bail the manufacturers out again.

New vehicles are too expensive. If you're going to load up cars with tech stuff, make it optional. I can live without most of it and don't want to pay for it.

Where are those 'shovel-ready' jobs that anti-American, anti-Semitic muslim socialist hussein obama promised?

Where are those 'shovel-reafy' jobs that anti-American, anti-Semitic muslim socialist hussein obama promised?

time to buy a car,,,,,,,,,,,,,,,,,,,,,,,,,,I knew they have been overexpanding,,,,,,,,,,,,

People aren’t able to just buy cars anymore. They have to afford shelter and food.

You will sell only so many vehicles unless the population is increasing and the people have the jobs and incomes to be auto consumers. But, eventually too many people begins to turn into a condition of 'diminishing returns!'

Jobs jobs jobs ...right trump. 😒

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:

 /  🏆 11. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canceled flights, quarantined cruises and $30B losses: How coronavirus has upended the travel industryThe novel coronavirus outbreak has already upended an entire industry, forcing travelers to face canceled flights, resorts on lockdown and a cruise ship quarantine. 😂😂😂😂😂😂😂😂😂😂😂😂 Let’s say you’re on a wuhan flight and possibly getting corona virus. Do you recline? Boo hoo
Source: ABC - 🏆 471. / 51 Read more »

Stocks record worst week since financial crisis as coronavirus concerns heat upU.S. stocks capped the week with another session of painful losses on Friday amid worries around the COVID-19 outbreak's potential to upend the global... 'Correction territory'. We'll rebound Monday. -Donald Trump, probably
Source: MarketWatch - 🏆 3. / 97 Read more »