European automotive industry, the debt crisis 500 000 employees will lose their jobs [www.cardvd-player.net]

As the debt crisis in Europe caused by the economic downturn, PSA Peugeot Citroen and Fiat car prices stop losses and production cuts in Europe, and thus the European car firms and parts suppliers will have 500,000 employees facing unemployment risk.
Former President of the European automotive supplier Federation CLEPA Lars Holmqvist disclosed in the European automotive industry employs 700 million people, including temporary workers to 150 million. The European automotive industry will be the fifth straight year of layoffs, more than 800,000 people have been unemployed since 2007, this in turn there are more than 500,000 people may have been the abolition of. The seven regional unemployment rate in the euro will reach a new high of 11.2%.
Only PSA Peugeot Citroen, for example, last year, plans to lay off 6,000 people in Europe, launched this year, plans to lay off 8,000 people in Europe. Salamanca car will also have 900 people being laid off.
IHS Automotive analyst Ian Fletcher said that the current European automobile production capacity significantly exceeds demand, about 30 percent of production capacity was idle.

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