With carmakers in trouble, auto industry jobs in Michigan are scarce. But for some, there are opportunities elsewhere.
By Jessica Dickler, CNNMoney.com staff writer
NEW YORK (CNNMoney.com) -- As a contracting economy and slowing sales bring the U.S. auto industry to its knees, hundreds of thousands of auto workers find themselves either out of a job, or at risk of losing one.
Year to date, the auto industry has announced 110,610 job cuts, the highest of any industry with the exception of finance, according to a report released Wednesday by global outplacement firm Challenger, Gray & Christmas.
On Friday, both General Motors (GM, Fortune 500) and Ford Motor (F, Fortune 500) announced additional job cuts going forward.
The Center for Automotive Research, a Michigan think tank, issued a study Wednesday that showed that another 250,000 jobs could be lost in the next year if GM, Ford and Chrysler were forced by the downturn to shutdown half of their U.S. plants.
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