With Car Sales Surging, Auto Parts Suppliers in Michigan Are Booming, Adding Thousands of Jobs
From Michigan Public Radio:
"Detroit automakers are creating thousands of new jobs amid a sales boom. And as they expand, their suppliers are racing to keep up, adding tens of thousands of new jobs. In a dramatic reversal, many suppliers, after improving efficiency — through downsizing and buyouts — find themselves short-handed.
With the memory of the Great Recession still so fresh, companies are still wary about hiring too freely. But Sean McAlinden, economist with the Center for Automotive Research, says there actually is a danger of having a shortage of parts and workers. He says the supplier industry will need 174,000 additional workers by 2015, and the pace of hiring right now appears to be too slow.
Even when suppliers intend to hire right away, it's not easy. When all those supply companies went dark, many skilled tradesmen, machinists and engineers moved on."
MP: Quite a reversal from a few years ago that auto parts suppliers in Michigan might now be facing a worker shortage.