new delhi employment generation in the automobile industry in fiscal year 2017 is expected to see subdued growth compared to financial year 2016 etauto business sentiment survey 2017 suggests hiring for fy 2017 is expected to stay in low single digits of 05 percent in most areas like shopfloor rd sales marketing and different levels like midlevel and top management the etauto business sentiment survey 2017 saw participation of nearly 1004 people from across various segments like component industry oems dealerships and other allied segments in the value chain it was at the top management level that hiring is expected to be slowest nearly half the respondents said that the hiring will be between 05 percent for top management positions the secondhighest number of respondents 31 percent even said that there will be no hiring at all at this level mid level hiring on the other hand is expected to see good employment generation growth as nearly 32 percent respondents highest among all other segments see the hiring to grow between 510 percent read also hiring activity up 14 in apr naukricom in shopfloor where a large number of people are employed in the auto industry 29 percent feel that hiring would hover between 510 percent however nearly 325 percent of the respondents also said suggested that there could be 05 percent job cuts on shopfloor the survey also quizzed the industry stakeholders about their expectations about layoffs according to the responses the employees can breathe easy as majority of the respondents said that job cuts at their organisation will be 0 percent it was in rd that highest number of people over 67 percent said that there will no job cuts at all the higher retention of employees in rd indicates industry move away from builttoprint and towards designing own products and solutions read also govt to launch automotive mission plan 201626 shortly likely to create 50 mn jobs currently automotive industry employs nearly 32 million people directly and indirectly according to automotive mission plan 2026 another 50 million jobs will be created in the industry in the next decade etauto published on may 21 2016 at 0158 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app job cuts layoffs automotive mission plan employment generation amp 2026 auto industry hiring homenewsindustryhiring in auto inc expected to grow less than 5 in fy 2017