The car industry is facing an ‘employment fiasco’ unless it gets badly needed investment in new technologies, especially batteries, the president of union IG Metall said. The warning came after a survey by the Ifo institute showed that the transition to electric vehicles (EVs) could cost the industry some 100,000 jobs in combustion engine production by 2025 if companies fail to beef up efforts to reskill workers. As battery- powered cars need less assembly than combustion engine vehicles, the EV boom means carmakers and their suppliers must address the risks of unemployment due to skill mismatches by retraining employees.
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