Bentley to cut 1000 jobs.

[So]

https://www.bbc.co.uk/news/business-52927482

[Frimley111R]

Getting all a bit scary, the amount of manufacturers off loading so many staff...

[Sophisticated Sarah]

Frimley111R said:

Getting all a bit scary, the amount of manufacturers off loading so many staff...

Brave Green World new normal...

[abzmike]

Frimley111R said:

Getting all a bit scary, the amount of manufacturers off loading so many staff...

Every industry is the same - apart from healthcare.

[Gixer968CS]

It's very sad, but the car industry has been teetering along for a good few years and this economic slump as a result of the pandemic has simply brought forward the inevitable. There are more new cars produced than are needed and this has been true for a while. The mainstream car industry has found support in finance contracts for customers, but I wonder whether people will so willingly commit to PCP schemes after this. As for Bentley and these employees, it's very sad. Lets hope the luxury sector finds clients again and the group can rebuild production.

[CrgT16]

Industry has been propped up by finance deals for a long time. They produce much more cars than are actually needed so an adjustment/correction was overdue. Perhaps the same with house prices. Reaches a point of saturation where continuous sustained growth rate is just not possible. Sad times but hardly a surprise.

[Frimley111R]

Gixer968CS said:

There are more new cars produced than are needed and this has been true for a while.

I think that they have been essentially financial loan companies making cars as a way of creating products for loans for many years

[So]

Independently wealthy as we are, Frims, shall we buy a couple of cars to keep them afloat?

[stuckmojo]

CrgT16 said:

Industry has been propped up by finance deals for a long time. They produce much more cars than are actually needed so an adjustment/correction was overdue. Perhaps the same with house prices. Reaches a point of saturation where continuous sustained growth rate is just not possible. Sad times but hardly a surprise.

This. Agree completely

[garagewidow]

Frimley111R said:

Gixer968CS said:

There are more new cars produced than are needed and this has been true for a while.

I think that they have been essentially financial loan companies making cars as a way of creating products for loans for many years

Uh Oh I smell a sub primey style financial fiasco coming.

[Frimley111R]

So said:

Independently wealthy as we are, Frims, shall we buy a couple of cars to keep them afloat?

What a jolly good idea. I may even buy a couple for the staff (to drive me around in obviously).