70% of Automotive Professionals Accept Pay Cut to Avoid Job Loss

Covid-19 has wreaked havoc on employment within multiple sectors already and with government support schemes due to end next week, a fresh wave of job cuts is expected. 

But what is happening in the automotive sector? 

The automotive job market has seen peaks and troughs so far, with some areas flourishing. The full effects of the pandemic won’t be seen for a long time yet but coupled with the uncertainty around Brexit in 2019, the long term future of the industry, and those employed within the sector, is under threat. 

The Society of Motor Manufacturers and Traders (SMMT) warned the government back in June that one in six jobs were at risk of redundancy without help in restarting production. 

Here we take a look at key insights into jobseekers using InAutomotive during September 2020 and how they felt about their career in the industry. 

Key Insights

• 72% said they were concerned about the future of their career in the industry 
• 85% said they would consider working in another sector if they couldn’t find the right automotive position 
• 70% would take a pay cut to avoid being out of work
• 52% would relocate if the right job came up further afield

Responses acquired in September 2020. 

Based on an InAutomotive survey of 778 automotive professionals.