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Motor industry to create tens-of-thousands of jobs over the next three years

11 Mar 14  | Manufacturing |  Recruitment News
 

Britain's flourishing car industry could free up 'tens of thousands' of jobs over the next three years, in reaction to the increased demand for new vehicles. John Leech, who heads up KPMG's automotive wing, claims that sales of recent releases such as the Nissan Qashqai, the BMW Mini and the Range Rover Sport signal promising signs for an industry which is currently producing units at an all-time high.

Forecasts from the Society of Motor Manufacturers and Traders (SMMT) predict that vehicle production in the UK will rise to 2.0 million cars per year in 2017, up from 1.5 million in 2013.

Mr Leech believes this will lead to more supply chain companies hiring personnel to fulfil their orders, but analysts remain cautious.

"A key question vexing the industry and government is whether this will percolate down into jobs growth in Britain's 2,000 supply chain companies," he told supplychainstandard.com. "In the 1990s and 2000s the UK automotive supply chain was ravaged and the proportion of parts sourced from UK suppliers dropped to as low as 35 per cent."

However, cited by fleetworld.co.uk, Mr Leech says Britain's automotive industry has seen a "substantial" increase in investors ploughing money into the supply chain - who are doing so at a rate which hasn't been seen for decades.

"All in all, the outlook for the UK car industry looks bright," he added.

bibiphoto / Shutterstock.com
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