Coronavirus impact on auto industry
Auto plant worker
March 31, 2020, 14:19 ISTAdecco Group estimates that the Indian automobile industry can slash up to a million jobs across the dealerships, front-line roles, and the semi-skilled workers. Xinhua quotes Ferdinand Dudenhoeffer from the Institute for Customer Insight (ICI-HSG), who forecasted that auto industry in Germany will be significantly damaged by the Covid-19 crisis in 2020 and beyond and it could result in loss of over 100,000 jobs in the country. This means 12% of current 830,000 jobs at German auto industry.