AutoBeta(AutoBeta.net)05/23 Report--

Nearly halfway through 2019, with the decline of the global automobile market economy, the sales performance of all automobile enterprises has entered the "cold winter" period.

Over the past six months, major global automakers have announced at least 38000 job cuts across multiple countries.

Ford Motor Co., the No. 2 automaker in the United States, announced Tuesday that it will cut about 7000 jobs worldwide by the end of August, accounting for about 10 percent of Ford's regular global workforce. It's part of Ford's $11 billion restructuring plan, which could save the company $600 million a year. In March, Ford announced more than 5000 job cuts in Germany.

The auto industry is facing a very severe recession. As daimler's outgoing chief executive, robert zetsche, warned earlier today,"massive cost-cutting is still under way in response to unprecedented changes in the industry."

It is worth noting that in the global automotive market is facing a "winter" period, every car company is making strategic adjustments to its business, and the most fundamental reason is that the automotive industry is facing major changes.

Electric vehicles, hybrid technology, autonomous driving functions and other cutting-edge technologies have become more expensive research and development costs for large vehicle enterprises.

The global automobile enterprises are facing the layoffs of enterprises, the adjustment of product structure and the impact of service attitude, which makes some traditional businesses decline economically. On the other hand, we have to face the cost of recruiting new members in the field of new energy and car networking. Perhaps only through layoffs to ease the cost of enterprise development one way.

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