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Britain’s automotive industry is set to get an extra £350m of investment as Bentley drives new funding into its headquarters in Crewe to build its first fully electronic vehicle, marking the third major boost in a week for the sector. The announcement takes the total figure of fresh investment into the UK’s automotive industry in [...]
What this means for you
Expect a more competitive tech job market, particularly in industries undergoing significant restructuring like automotive. Be prepared to articulate how your skills directly drive efficiency, cost savings, or critical innovation for potential employers. Volkswagen’s supervisory board is scheduled to meet on Friday to vote on the carmaker’s biggest ever restructuring programme, which has met fierce opposition from unions and shareholder Lower Saxony over planned job and capacity cuts
What this means for you
Candidates applying for tech roles in the automotive sector or companies supplying it should prepare for increased competition and potential hiring freezes. Thoroughly research the financial health of any prospective employer. The supervisory board of Europe’s largest carmaker is due to meet on September 4 to discuss a turnaround plan potentially involving tens of thousands of additional job losses
What this means for you
Companies are under pressure to reduce overhead, making them highly selective for roles that demonstrate clear business value and efficiency gains. Prepare to articulate how your contributions will directly impact profitability, streamline operations, or reduce costs. Volkswagen CEO Oliver Blume said the German carmaker’s overhead costs are more than 30% higher than those of comparable firms and that it must reduce that disadvantage to stay competitive