A glimpse into the crystal ball of the auto industry says:The future of vehicles looks electric; the end is nigh for traditional auto jobs.
Power surge. Automakers are making cuts towards production of traditional fuel-run engines to make room for the growing electric vehicle market.
- The auto industry is set to pump $225 billion into electrical vehicle production over the next 4 years.
- Audi and Mercedes-Benz have already cut 17,500 jobs to make room for the growing EV market.
- GM and LG Chem are creating 1,100 jobs in Ohio while investing $2.3 billion into EV battery cell production.
What’s Happening with Auto Manufacturing Jobs?
Not only does the production of EVs eliminate traditional auto jobs, but they also take less work to produce.
The shift comes as an opportunity for companies to reinvest into manufacturing.
But what will happen to the thousands losing their jobs?
Autoworker Unions surrender. Unions are accepting of the industry change and pushing companies to retrain employees to work on EVs.
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