Vibhuti Sule’s Post

Two unnamed Nissan executives said the company has "12 to 14 months to survive." Nissan cut more than 9,000 jobs earlier this month, while simultaneously slashing production by nearly 20%. Nissan's operating profit dropped 85% in Q3. #nissan #layoffs

🚗 European vehicle makers experience drastic fall in the sales of EV-s in Chinese market where local brands like BYD, Geely and others ride on the booming market selling over 1.3 million vehicles. 🚗 The automotive sector in Europe, compared to the Chinese is far behind in technology and as if it’s not already a big enough issue to overcome, the Chinese EV-s are also significantly cheaper. ⛔ Restructuring the industry starts with massive layoffs. ❗ Volkswagen Group: The company is preparing to close three plants, a move that could result in the layoff of nearly 300,000 employees ❗Schaeffler: Has announced plans to lay off 4,700 employees across Europe ❗ZF Friedrichshafen: Plans to cut up to 14,000 jobs by 2028. ❗Continental: Considering the spin-off of its automotive parts unit. ❗Michelin: Planning to lay off 1,200 employees and close two plants in France by 2026. ❗Bosch: Being the biggest automotive spare parts supplier has disclosed that it will not meet its financial targets this year. Layoffs bring some temporary financial 💰 relief, but the sector needs a rocketship 🚀 to gain it's competitevness in technology 🤖 The utilization of AI is the key to redesign the manufacturing processes and architectures of vehicles leading to smarter, safer and more adaptive mobility solutions that could again compete with technology and affordability.

It's easy to think about CEOs being the people who sit in their ivory towers, unaware and unimpacted by the things that happen further down the organization. In my experience, that's far from the truth - especially when it comes to reorganizations and layoffs. While there are notable exceptions, most of them are wracked by guilt, disappointed in their own inability to avoid them, and nervous about how the business will be seen. In some cases, they even want to ensure that they are seen to be impacted personally, to show that employees aren't in it alone. That's what we are seeing today with Nissan Motor Corporation, and CEO Makoto Uchida. Sure, sacrificing half of your salary isn't the same as losing your job. But it's a demonstration of a 'war effort' to turn the business around, and a reflection that this shouldn't fall on lower-level team members alone. And that can be a powerful motivation for employees everywhere. #corporatecommunications

Volkswagen Group plans major layoffs, company to shut at least three plants in Germany. It will also slash salaries by 10% as cost-cutting measures with no salary increases in 2025 and 2026. There are listed Indian companies who could be affected due to this move like Bosch . Motherson Group is another company I could think of, who could be impacted due to this move. All and all, automobile sector space is not looking good at all. We have seen US automobile sector struggling (updated here). In India, sales are down and showrooms have huge unsold inventory. Even Europe is struggling now. Disclaimer - Please consult your financial advisor and this is not any buy/sell call. #Research #AutoSectors #FY25 #India

Here is another major announcement about layoffs. This time 9000 at Nissan including the CEO taking a 50% pay cut. It was a business decision for the Japanese automaker to make deep cuts to navigate a steep decline in global sales, including these layoffs, reduced production, and a renewed focus on EVs and hybrids. Its operating profit plunged by 90% in the first half of the fiscal year, down to $214 million, reflecting major struggles in core markets of North America, China and Japan. If you’re a coach - this is sadly a great time to get to work. So many people are out of work, emotions are high, job availability is low. If you’re out of work or trying to elevate your skills and attention at work - engage with a coach. A qualified business coach can help you find solutions to challenges and opportunities. I am happy to offer a complementary discovery call to anyone who has been laid off in these last 2 years or fears their job is as risk. 📲 💻 Just message me. #careercoaching #schoolofthoughts

Volkswagen plans major layoffs, company to shut at least three plants in Germany. It will also slash salaries by 10% as cost-cutting measures with no salary increases in 2025 and 2026. There are listed Indian companies who could be affected due to this move like Bosch. Motherson is another company I could think of, who could be impacted due to this move. All and all, automobile sector space is not looking good at all. We have seen US automobile sector struggling (updated here). In India, sales are down and showrooms have huge unsold inventory. Even Europe is struggling now. Disclaimer - Please consult your financial advisor and this is not any buy/sell call.

Volkswagen plans major layoffs, company to shut at least three plants in Germany. It will also slash salaries by 10% as cost-cutting measures with no salary increases in 2025 and 2026. There are listed Indian companies who could be affected due to this move like Bosch. Motherson is another company I could think of, who could be impacted due to this move. All and all, automobile sector space is not looking good at all. We have seen US automobile sector struggling (updated here). In India, sales are down and showrooms have huge unsold inventory. Even Europe is struggling now. Disclaimer - Please consult your financial advisor and this is not any buy/sell call.

https://lnkd.in/gHZ-t6Ar Automotive industry is in the juncture of change over from Gasoline to EVs and Hybrids .I belive this slow sales is a temporary situvation of Automotive . It is going to be technology changes in Automotive Cars , Buses , Trucks , from pure gasoline to Electeic Vehicles in the coming days and EV sales keep improving and Gasoline vehicles reducing going further . Now all industries is in the process of Change over Management to EVs and Hybrid vehicles.

💼 Major Shift at GM: Job Cuts Announced 💡 General Motors has just announced a significant reduction in its workforce within the software and services sectors. This move is part of their larger strategy to bolster technology investments and maintain profitability. By cutting over 1,000 salaried positions, with 600 from their tech HQ near Detroit, GM aims to streamline operations and focus on areas promising the greatest future impact. It's a tough climate for the automotive industry, and GM's proactive steps highlight both the challenges and opportunities ahead. With a global salaried workforce of about 76,000 as of last year, these layoffs represent roughly 1.3% of their salaried employees. Despite the downsizing, GM continues to see strong sales in North America and has committed to significant investments in electric and autonomous vehicles. Their recent profit reports, showing resilience despite setbacks in China, reflect a company adapting to a fast-evolving market. These job cuts reflect broader industry trends where operational costs are being tightly monitored to better focus on emerging technologies. As GM navigates this transition, it's clear their commitment to sustainable growth remains firm. Let's discuss how these changes may impact the industry. Your thoughts? 👇 #Automotive #TechInvestments #FutureOfWork

The auto industry has seen some wild swings over the past few years, and we're following the human capital as the industry shifts once again. The automakers have experienced a lot of change to normal operation in recent years from the huge shifts in demand, availability and thus pricing during covid, to the automakers who piled up inventory as they prepped for a manufacturing drought due to a labor strike, which lasted much shorter than expected, and now a sharp decline for new car demand that is directly impacting the US auto workforce.