Cis Ols J. Car Workers Resist
The Plough1974Economy, the EEC and EuropeNo public scan is online for this item; the text below was read from a privately held copy.
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International crisis was cut in: lay-offs.
profits declined in: On a European scale, the car industry is sinking into a decline. Various causes are at the root of this. Some are of a long term structural nature, while others exist at the level of the current economic recession.
The structural crisis in the industry can be . related to a phenomonen appearing in many industries but more immediately in key sectors such as cars, and this is the crisis of overproduction. In order to meet this problem, the auto-empries have had to make huge cutbacks in production. For example in the first quarter of 1974, production France by 2.7% substantially. U.S.A. by 28% Germany by 18.3% G. Britain by 26% Unemployment in the car industry in the United States is now 20% and General Motors accounted for more than two-thirds of all The decline in international car profits has been sensational. Again, for the first quarter of 1974, General Motors 85%