Automotive industry faces historic layoffs

The global automotive industry has experienced widespread layoffs, as companies have undertaken large-scale restructuring to confront economic challenges and technological changes. One of the most notable of these was Ford's plan in 2002, which resulted in 35,000 job cuts and the closure of five factories. Another significant example is Volkswagen's plan in 1993, which reduced around 30,000 jobs with the aim of cutting costs and enhancing competitiveness. Currently, car manufacturers are facing challenges related to the rapid shift towards electric vehicles and artificial intelligence, with projections suggesting that layoffs could reach 100,000 jobs at Volkswagen by 2026. This marks a new phase in the automotive industry that requires redistributing investments and focusing on technology.

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