Accessability Links
Cookies on our website
By continuing to use this website we will assume you are happy to receive cookies as outlined in our cookie policy
Accept Policy

KPMG: Thousands of automotive jobs will be created by 2017

Feb 24
Share this story:
KPMG: Thousands of automotive jobs will be created by...

Ten of thousands of jobs will be created in the automotive industry by 2017, according to estimates from KPMG's head of automotive. This was prompted by predictions from the Society of Motor Manufacturers (SMMT), who are positive about the prospective growth of the industry.

John Leech said that UK car production in the first month of 2014 fell flat, but recent launches of cars made in the country - including Nissan Qashqai and BMW Mini - hold great promise for Britain’s automotive industry.

He added: “The SMMT forecasts that vehicle production will grow from 1.5 million in 2013 to over 2.0 million in 2017. 

“A key question vexing the industry and government is whether this will percolate down into jobs growth in Britain’s 2,000 supply chain companies.”

Mr Leech stated that in the 1990s and 2000s the country’s automotive supply chain was almost destroyed as the proportion of parts sourced from UK suppliers plummeted to as low as 35 per cent.

Eighteen months ago, the Automotive Council drew attention to the fact that there was £3 billion of unfulfilled opportunities for suppliers within the country and according to Mr Leech, this has undoubtedly increased since then.

He said: “This has prompted recent investments from companies such as GKN, TRW, Lear, Borg Warner and Nifco raising optimism that the proportion of parts sourced from UK suppliers is likely to rise above 40 per cent by 2017. 

“The increase in supply should translate into jobs growth measured in the tens of thousands by 2017.”

Mr Leech explained that the industry is experiencing a substantial upsurge of interest from potential investors in the UK’s automotive supply chain - the likes of which haven’t been seen for several decades.

According to the head of automotive, prospective investors are predominantly overseas suppliers. However, the industry has piqued the interest of private equity companies and closely-related sectors.

He concluded that overall the outlook for the UK car industry looks bright.

Search Mindbench.com for the latest management consultancy jobs and consulting recruitment opportunities or contact us on +44(0)207 089 9017

Share this story:
Add new comment
Jobs Related to this Post
5 result(s) found 
Page 1 of 1 

£40k-£50k plus excellent bon...
Central London
Customer Success Manager - Growing Tech Firm, Central London - Central London£40k-£50k plus excellent bonus and benefitsOur client are a technology start-up based in Camden which use a SaaS platform
Competitive for the best graduates wit...
Central London, limited travel require...
Analysts for Procurement Specialist Consulting Firm - Central London with only 15% travel requiredExceptional to hire the best experienced graduatesLondon based Management Consultancy – Analyst Our
£50k-£100k plus bonus, benef...
Central London
Energy / Commodities - Business Development and Sales for Leading European Research Company - Central London£50k - £75k base plus excellent bonus, benefitsOur client is one of Europe’s leading
£50k-£100k tax free plus exc...
Middle East (Dubai) and North Africa l...
Strategy Consultants - Healthcare and Pharma Sector for Dubai and North Africa - We have roles in Dubai, Algeria, Tunisia and Morocco£50k-£100k tax free plus bonus, excellent benefits such as housing
€50k - €120k plus bonus, benefits
Germany, multiple locations
Our client is growing globally and particularly in the German market where they have over 40 consultants focussing on operational improvement, supply chain and digital