FACTBOX-Car sector employment shifts to the East

Newswire

Dec 23 (Reuters) - Jobs making automobiles -- for decades a bulwark of life in the middle class -- are moving eastward as carmakers chop payrolls in relatively high-wage western markets and seek lower-cost manufacturing. Here is a snapshot of changes as the auto industry grapples with tepid sales growth and chronic overcapacity that are keeping prices under pressure. Global production of cars and trucks: 2004 2003 Pct change Asia-Pacific 23,161,729 21,531,955 +7.6 West Europe ...

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