According to German experts, the coming years will be characterized by sharp waves of layoffs. It will mainly affect combustion vehicle parts suppliers. Many jobs will be lost forever.
The electric revolution in the automotive industry has many repercussions – both in the short and long term. On the one hand, new jobs and huge mega factories are being created, but on the other hand, other market sectors are shrinking. The consequences of the changes are already clear.
What do companies like Bosch, Continental and ZF Friedrichshafen have in common? All three come from Germany and the three decided to reduce employment at the beginning of 2024. In the case of Bosch, this is a large-scale measure (at least 3,200 layoffs) spread over three years, while Continental planned to eliminate more than 7,000 employees. Full time jobs.
Suppliers of components, units and mechanical elements necessary for the production of cars found themselves at a disadvantage. Chinese brands are getting stronger, and the increasing focus on electric vehicle production means that demand for previously sought-after parts has fallen dramatically. Mass layoffs show that Even the largest companies now have to grasp at straws.
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However, forecasts do not predict an easier future for the German car industry. In an interview with the “Automobilwoche” portal, Frank Schwob, lecturer in automotive economics at the University of Applied Sciences in Hannover, presents a dark but most likely scenario.
It is estimated that at the beginning of 2024, approximately 270,000 people will be employed in German factories responsible for the production and supply of auto parts. the people. However, by 2030, this number is expected to reach 25%. smallest.
The level of about 310 thousand employees from 2018 or 2019 is a thing of the past. The number of employees in Germany is likely to decrease, also due to the shift towards e-mobility. Even if new jobs are created in areas such as battery development and production, they will not be able to offset the loss of other jobs.
Of course, the development of electric cars generates new jobs. However, experts are sounding the alarm, as the number of available jobs will shrink. If nothing changes, tens of thousands of people will be addicted to green weed within a few years.
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