The price of cars needs to fall sharply and quickly. Simple as that, people just won't pay the money manufacturers are demanding these days, hence china mopping up all the sales.I work in Automotive, and the whole of Europe is in a mess, expected to improve but 2025 is going to be a struggle.
With regards to pay negs, I'm not shop floor, so slightly different, but I'd have snapped your hand off for that in the current climate.....I've got 3.15% BUT deferred from JAN till APR, meaning company effectively saving 25% of the rises budgeted for 2025.
I was surprised we got owt to be fair, there's been previous years when there's been no award.....but Shop Floor lads and lasses still got it as part of a multi year deal.
Which is right, as without the (proper) grafters, the rest of us would be fooked.