Even after one of the worst years in auto sales, the scaled back automotive industry is looking to hire. Probably because they axed so much of their talent they now need to recoup workers, which were shed when they went overkill with job cuts.
Could the economy be turning around?
A certain executive from one of the domestic auto makers seems to think so. With the housing bubble still on going and mediocre auto sales, I do not see what he is talking about. But, I guess when the market seems to plateau for a minute it inspires hope.
With rumors of a second wave of cash for clunkers, would it be wise to hire OR is it a foolish move given the skeptical benefits of such a program?
The Los Angeles Times reports:
"Even as they finish closing plants from their worst sales year in decades, beleaguered automakers are also starting to hire again -- almost 5,000 workers in the coming year.
The added jobs amount to just a fraction of the roughly 40,000 that carmakers shed during their tailspin last year. But it is a sign that the big manufacturers expect business to improve this year.
Significantly, several automakers are making big investments in their lines of trucks as they anticipate that an improved outlook for housing and construction will encourage contractors and tradesmen to buy new vehicles.
Volkswagen of America is hiring 2,000 people as it gets ready to build a new sedan in Chattanooga, Tenn..."
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