A year ago, when Israeli automakers were bracing for a new round of job losses and layoffs due to global competition, some predicted that Israeli manufacturers would see a wave of foreign orders from the United States.
However, as of the beginning of 2018, it seems like the American automaker market has already lost a lot of jobs to Chinese imports, with American jobs being replaced by Chinese-made ones.
In fact, the number of U.K. jobs that are directly related to manufacturing dropped by more than half during the first six months of the year, according to data from the UK-based Chartered Institute of Procurement and Supply Chain (CIPP), a trade publication.
“If you look at the data, U.k. manufacturing jobs were down by about 40% in the first half of 2018 compared to the same period in 2017,” CIPP wrote in its report titled “Manufacturing in the U.”
“This is a significant loss for U.s. manufacturing, as the U,S.
lost nearly a quarter of its manufacturing jobs between the years of 2018 and 2021.
It is also a significant number for a developing country, as there were only 2,000 manufacturing jobs created in the Middle East and North Africa between 2017 and 2021.”
While the U of A was the biggest loser, the numbers have continued to decline since then.
“U.K.-based manufacturers, whose output in the second half of 2020 was lower than that of the US., had an overall unemployment rate of 2.8% for the period, according the CIPP data,” the organization wrote.
“Manufacturers in the European Union and China have seen a similar decline, with their unemployment rates ranging from 3.2% to 6.1%.”
A lack of demand from the American market has been a big factor behind the drop in American jobs, but some manufacturers have found a way to make the U: the UEE-based automaker Alstom is the latest automaker to hire from abroad.
The UEE company is currently seeking to fill its new U.B.T.E. (U.B.-High Education and Training) jobs, according The Wall Street Journal.
“We have been looking at a number of opportunities to hire locally in Europe and North America and also globally, including in the United Kingdom,” Alstam president and CEO Martin Fink told the paper.
“Our aim is to fill all the available openings, but we need to find a suitable place for our employees to start their new careers.”
While hiring from abroad isn’t exactly the same as hiring American employees, the company has managed to attract foreign workers and has been able to offer them high salaries and benefits.
“As the global economy has been undergoing major transformation, the need for a number a highly skilled workers has increased, and Alstams highly skilled workforce can now be found in many places,” Alsom CEO Fink said in a statement.
“This opportunity will give us a strong foothold in the global market, with which we are keen to expand our global workforce.”
According to the Wall Street Review, Alstoms hiring of foreign workers has not only helped the company to boost profits, but also increased the company’s bottom line.
The company’s latest annual report shows that its net income rose 14% to $1.4 billion.
In addition to its U.N. funding, the UEB program has also helped the automaker grow its workforce.
“It has helped to create thousands of new jobs, which have contributed to our earnings,” Fink added.
The automaker also offers training in engineering, technology and robotics to foreign employees, as well as to its American workforce.
In the report, the CEO said that foreign students “are also an important part of the workforce.”
However, there is one thing that the automakers needs to do: hire Americans first.
“While we are a global company, we must recruit Americans first, and that starts with a job,” Fiskel said in the report.
“Once we have done this, we will have an advantage in attracting and retaining the best and brightest talent.”
According the Wall Journal, Alsoms latest job-opening announcement is expected to be made on June 25, 2019.