Corporate consulting firm McKinsey says it does not expect a massive long-term drop in employment in the German auto industry.
We expect that the number of jobs will remain at the same level because worldwide demand is growing, McKinsey automotive analyst Christian Malorny told Automotive News Europes sister publication Automobilwoche.
McKinsey forecasts that the German auto industry will lose 294,000 jobs by 2020 because of productivity increases and outsourcing. But the company also predicts that the industry will add 286,000 jobs during that period, mostly in professional occupations rather than production.
Still, Malorny warned: In the short term, one should not rule out adjustments in capacity and related job cuts, depending on the situation of the automaker.