The global car market suffered cold layoffs frequent outbreak

Guo Yue

In December 2018 06, 08:19 source: China Economic Net
 
Original title: the global car market suffered cold layoffs frequent outbreak

In 2018, Chinese car market growth slowed sharply, 1-10 months, China's car sales were completed 22 million 826 thousand cars and 22 million 871 thousand vehicles, down 0.4% and 0.1%. Looking at the world market, the automobile industry is experiencing the "winter", many multinational auto giants are struggling, the recent outbreak of layoffs is one of representation.

Specifically, according to foreign media reports, General Motors announced in November 26th slashed the salaried employees plan. According to the plan, GM in North America 54000 salaried and paid contract workers will be cut 15%, the number of more than 8000 people, including 25% senior executives. According to estimates, the number of all the layoffs in about 15 thousand people.

At the same time, GM also possible number of factories closed in North america. With the closure of the factory, the production will give up some car models in North America, including Buick CT6, Cadillac lacrosse, Cadillac XTS, Chevrolet Impala, Chevrolet Cruze and Volt models.

Finally, general motors through layoffs and plant closures and other measures, hope to the end of 2020, save the expenditure of $6 billion, including $4 billion 500 million from the cost control, $1 billion 500 million from low capital expenditure.

In addition, in October 6th, Ford also announced to employees will be "restructuring" notice personnel. Is expected to be formally implemented, Ford will cut global for more than about 70 thousand of its workforce of 200 thousand employees (the exact number is unknown), the layoffs will be completed in the second quarter of next year.

According to Bloomberg, Morgan Stanley said Ford $11 billion restructuring plan will likely lead to 25 thousand more jobs. Ford has not yet announced layoffs details, but Morgan Stanley analyst Adam Jonas in a report to investors expected layoffs may exceed the size of general motors.

"We estimate that Ford's restructuring plan will focus on the European business, the current business valuation minus $7 billion." Jonas wrote, "we expect that North American business will also be a major restructuring, involving a large number of full time workers and staff."

Ford spokesman Hampton Karen also said: "we are in the early stages of the structural reform of the global salaried staff, our goal is to gradually establish a broader and more flat organization, the real speed and design. This will inevitably lead to some layoffs, but there is no goal, "Hampton said," cutting measures will be performed primarily in North American, all the work is still in progress, layoffs data released by the current media is pure speculation."

At the same time, more recent foreign media reports, local time on December 4th, the FCA union said that due to the reorganization of Fiat Auto Chrysler (Fiat Chrysler Automobiles, FCA) is located in Mira Fiore of Turin (Mirafiori) factory, 3245 blue collar and white-collar employees of the company will lay off the factory, the number accounted for more than half the total number of employees in the factory.

Milafeiao factory has about 5000 employees, including assembly, stamping and powertrain field workers. The layoffs will affect all the workers in the assembly plant, about 2445 workers will be laid off in January 1, 2019. Before March 4, 2019, there will be more than 800 workers were laid off. The layoffs will continue until December 31, 2019.

The global car market "cold" has been "strikes", and for the trend of the future automobile market, more enterprises, economic daily - China economic auto channel will promptly follow up reports.

(commissioning editor Wang Zi and Hu Yigong)

Recommended reading

 To further deepen the reform of commercial auto insurance rates on the CIRC again before the insurance company to expand their own pricing, down regulated floating rate coefficient lower, lower level of auto insurance rates, reduce the burden of consumers. 
 [with] 
 138479.xyz car | | exclusive domestic news | International

 MIIT: 2025 number Chinese brand car production and sales enterprises to enter the world top ten of China's automobile production will continue to maintain steady growth, is expected in 2020 will reach about 30 million, in 2025 will reach about 35 million. 
 [with] 
 138479.xyz car | | exclusive domestic news | International