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Automotive Jobs in CT Depend on Success of Big 3

Thursday, December 18th, 2008

Many automotive jobs in CT may depend on the success or failure of the “Big 3″ auto companies: GM, Ford and Chrysler.

While hardly any Connecticut companies make car parts for the Big 3, about 25,000 Connecticut jobs, or 1.5 percent of overall jobs in the state, are directly tied to the automotive industry, specifically in retail sales and service. Because of this, the success of a proposed $14 million bailout plan for the Big 3 could determine whether several thousand Connecticut workers lose their jobs, according to an article by the Hartford Courant.

If the Big 3 were to shut down, Connecticut would lost about 31,200 jobs, or 2 percent of the state’s employment, through direct and indirect jobs. In comparison, Michigan - the biggest automotive state - would lose about 407,300 jobs, or 8.9 percent of its workforce, while Indiana would lose about 5 percent of its workforce and at least four states in the South and Midwest would lose 4 percent of their jobs.

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