Automakers' Job Cuts Are at 38,000 and Counting
- ‘Everything is under scrutiny,’ Daimler’s Zetsche warns
- Industry is ‘staring down the barrel’ of downturn, BofA says
An employee works on the line at the Ford Motor Co. Dearborn Truck Plant in Dearborn, Michigan, U.S., on Sept. 27, 2018.
Photographer: Sean Proctor/BloombergThis article is for subscribers only.
As global auto sales slow after a decade of growth, carmakers are girding for a deeper downturn by slashing payrolls.
From China to the U.K., Germany, Canada and the U.S., companies have announced at least 38,000 job cuts in the past six months.