The jobs of at least 1,110,107 Europeans working in automobile manufacturing are affected by factory shutdowns as a result of the COVID-19 crisis, according to data compiled by the European Automobile Manufacturers' Association (ACEA).
This refers only to those directly employed by car, truck, van and bus manufacturers – the impact on the wider automotive supply chain is even more critical.
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EU wide production losses due to factory shutdowns amount to at least 1,231,038 motor vehicles so far. The average shutdown duration is 16 working days at the moment. Production losses are obviously set to increase if shutdowns are extended or additional plants are brought to a halt.
In total 2.6 million direct manufacturing jobs are provided by the EU automotive industry with vehicle makers operating 229 vehicle assembly and production plants across the region. The wider auto sector provides indirect and direct jobs for 13.8m people in the EU.
"Right now, the primary concern of ACEA and all its members is to manage the immediate crisis facing the auto industry, which has essentially come to an abrupt halt – something the sector has never experienced before," said ACEA director general Eric-Mark Huitema.
"Our first priority is to protect the health and jobs of the almost 14m Europeans who work directly or indirectly in our sector."
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By GlobalData
