A ‘troubling’ rise in automobile-industry layoffs as vehicle sales slump
Layoffs in the auto sector are rising, and could spell trouble for the overall economy, according to new data released Thursday by outplacement consultancy Challenger, Gray & Christmas.
“High job cut numbers in the manufacturing and automotive sectors are troubling, as changes in these industries tend to have a trickle-down effect,” said Andrew Challenger, vice president of the outplacement firm, in a statement. In April, auto sales fell 6.1% to a 16.39 million annual rate, the lowest level since October 2014. Experts think that sales for the year could fall below 17 million for the first time in five years.Overall, announced layoffs fell to about 40,000 in April from 60,500 announced in March, Challenger said. The April cuts are up 11% from the same month last year.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
OPEC oil output hits four-year low in April on Iran, Venezuela: Reuters surveyOPEC oil supply hit a four-year low in April, a Reuters survey found, due to fur...
Consulte Mais informação »
Home sales in the Hamptons just slumped to the lowest level in 7 yearsAmericans still wanted in on luxurious homes in the Hamptons at the beginning of 2019, but they weren't willing to pay as much as in the past.
Consulte Mais informação »
Violent anti-Semitic incidents rose 13 percent worldwide last year, report says'It feels like almost every taboo relating to Jews, Judaism and Jewish life has been broken.”
Consulte Mais informação »
Luxury home sales see biggest slump in nearly a decadeThe nation's priciest properties are in far less demand this year, and that is taking a toll on their value. Sales of homes listed at $2 million and above fell 16% in the first quarter, the sharpest annual decline since 2010, according to Redfin, a real estate brokerage. This as the supply of those homes rose 14%, marking four straight quarters of annual increases in inventory.
Consulte Mais informação »
Daimler Earnings Slump as Weaker China Sales Hits MercedesThe German luxury car maker reported a 37% drop in first-quarter earnings in its core car division, citing weak sales in China and a rapidly slowing global economy that hit its business in major markets.
Consulte Mais informação »
Seattle construction crane falls on vehicles, killing fourFour people were killed Saturday when a crane collapsed and fell from the roof of a building onto vehicles in the street below, Seattle authorities said.
Consulte Mais informação »
Rally Cars: Dealership Stocks Rise as Firms Pivot from New VehiclesStock prices for the nation’s publicly traded dealership groups have rallied in recent months, a sign of Wall Street’s greater confidence in the ability of auto retailers to weather an expected downturn in the U.S. car market.
Consulte Mais informação »
Stock market slumps at the open after GDP reportU.S. stocks kicked off Friday trade slightly lower after a reading of the rate of economic expansion in the U.S. in the first quarter came in better than...
Consulte Mais informação »
Logitech fourth-quarter profit rises 22 percentLogitech International SA said keyboards and mice for players of multiplayer onl...
Consulte Mais informação »
Bacon-loaded menu drives McDonald's sales jump, shares riseMcDonald's Corp reported a better-than-expected rise in quarterly sales at ...
Consulte Mais informação »