Automotive suppliers publish action plan for ‘successful restart’
Associations representing the automotive supply chain have published a Joint Action Plan for a Successful Restart to “ensure public health, minimise the impact on the economy and maintains focus on the digital and carbon-neutral society”.
The European Association of Automotive Suppliers (CLEPA) says many businesses plan to cut investment and reduce their workforce. Revision of manufacturing footprint is also being considered.
Almost 40% of respondents in the CLEPA survey have taken steps to cut R&D budgets, with 32% undecided and 30% having decided against.
Around five million Europeans work in automotive manufacturing, R&D and supporting operations. In total, the sector accounts for about 13.8 million jobs, according to CLEPA.
It said: “The crisis is accelerating the transformation of the sector, and industry and policy makers must work together to sustain employment and make the workforce future proof.
“To underpin Europe’s long-term competitiveness, the EU should also leverage all instruments at its disposal to support research and innovation. This includes the EU budgets for Horizon Europe, public procurement and financing tools from the EIB.”
