The European automotive industry experienced a 24% drop in new job postings in Q3 2023 compared with the previous quarter, with the highest share accounted for by Robert Bosch with 5,170 job postings, according to GlobalData’s analysis of automotive company job postings. GlobalData’s Automotive: Hiring Trends & Signals Q3 2023 report reveals comprehensive insights into hiring patterns, job roles, required skills, geographical trends, and key themes within the automotive industry, facilitating anticipation of future workforce needs. Buy the report here.
Notably, Computer and Mathematical Occupations jobs accounted for a 7% share of the European automotive industry’s total new job postings in Q3 2023, drop 41% over the prior quarter.
Computer and Mathematical Occupations drive automotive industry hiring activity
Computer and Mathematical Occupations, with a share of 7% new job postings, was the occupation with the greatest hiring activity in the European automotive industry in Q3 2023 , ahead of Management Occupations with a 7% share of new job postings.
The other prominent roles included Architecture and Engineering Occupations with a 7% share in Q3 2023, Office and Administrative Support Occupations with a 6% share and Installation, Maintenance, and Repair Occupations with a 5% share of new job postings.
Top five companies accounted for 38% of hiring activity
Robert Bosch posted 5,170 jobs in Q3 2023 and registered a decline of 24% over the previous quarter, followed by Continental with 3,657 jobs and a 13% drop. ZF Friedrichshafen, with 1,592 jobs, and Tesla, with 1,319 jobs, recorded a 22% drop and a 6% drop, respectively, while Forvia recorded a 15% decline with a 1,316 new job postings during Q3 2023.
Regional analysis of hiring in the European automotive industry, Q3 2023
Germany held the leading share of the European automotive hiring activity with a 48.17% share, a 25% decrease over Q2 2023. the UK was next with 15.74%, four-percentage-point down over the previous quarter.
For further understanding of GlobalData's Automotive: Hiring Trends & Signals Q3 2023, buy the report here.