Released on: September 10, 2008, 4:07 am

Press Release Author: Mary Waldron

Industry: Automotive

Press Release Summary: High gasoline prices, slowing demand, and slumping sales are
causing automotive companies to layoff thousands of workers abruptly. Automotive
jobs are increasingly being put on the chopping block, and more work is being
extracted from existing workers to save the companies from financial crises. Fortune
500 companies like General Motors and Ford, for example, have been slashing an
increasing number of automotive jobs in recent months.

Press Release Body: \'\'The automakers are in terrible shape, and jobs are being
slashed at an alarming rate to support the deteriorating bottom lines at a variety
of automotive companies,\'\' says A. Harrison Barnes, CEO of AutomotiveCrossing, a
leading job board for automotive professionals.

Automotive companies based in Detroit have announced significant white-collar job
cuts this year, amounting to more than 8,400 positions. Several large auto parts
suppliers like Delphi Corp., Lear Corp., BorgWarner Inc., and American Axle &
Manufacturing Holdings Inc. are cutting hundreds of jobs due to the drooping demand
for automobiles.
Even BorgWarner, one of the most profitable of the Detroit-based parts suppliers, is
downsizing its workforce by 1,000 North American automotive jobs, including 220
salaried positions.

Other big names in the auto industry like GM, Volkswagen, and Chrysler are now
looking to developing countries like India to rev up their business. Dana Holding
Corp., meanwhile, has scaled back its operations to match market demand, while
Linamar, the auto products maker, has announced plans to layoff 400-500 workers,
even after raking in double-digit earnings growth earlier this year.

Reports also state that car sales declined in July for the first time in more than
two-and-a-half years as rising inflation curbed demand for vehicles.

\'\'Higher commodity prices have impacted auto sales to a great extent. Steel prices
have gone up by nearly 40%, copper prices are up by 45%, while natural rubber prices
have gone up by 40%\'\', says Barnes. \'\'In the process of restructuring, thousands of
workers are being removed with little warning from so-called top-notch companies.
AutomotiveCrossing seeks to find every automotive job that is active for these
workers.\'\'

Barnes adds, \'\'The automotive world is facing a lean period, and now is the crucial
time to keep the industry operating as efficiently as possible. AutomotiveCrossing,
the leading automotive job provider in the US, faces the herculean task of finding
more jobs for automotive professionals as soon as possible.

\'\'In fact, the job site is doing fairly well recently, with more than 9,000 jobs
currently posted on the site in spite of the downturn.\'\'

The top job titles according to searches made on AutomotiveCrossing last month are:

* Automotive technician jobs (1,724 jobs)
* Automotive tech jobs (1,857 jobs)
* Automotive consultant jobs (248 jobs)
* Automotive mechanic jobs (311 jobs)
* Automotive dealer jobs (128 jobs)
* Automotive internship jobs (124 jobs)

\'\'There are still many automotive jobs out there. We want to find them all,\'\' says
Barnes.

Unlike other job-search and career sites, AutomotiveCrossing weeds out spam and jobs
outside one’s niche, allowing job seekers to search efficiently and specifically.
The number of automotive jobs present in the database is expected to get an
additional boost in the coming days. For more information on AutomotiveCrossing,
please visit www.automotivecrossing.com.

Web Site: http://www.automotivecrossing.com

Contact Details: Mary Waldron, Editorial Coordinator
EmploymentCrossing
626-243-1821
maryw@employmentcrossing.com