German car industry sheds 51,500 jobs in a year
The dip equates to almost 7% of the total workforce in the German auto sector. Faltering exports to China and the US play a role, as new tariffs raise barriers to entry in both these core markets.
German industry's steady decline in employment figures continues, with the country's prized automobile industry leading the pack, according to a new study from accounting giants EY (formerly known as Ernst & Young) based on data from the government's statistics office.
EY recorded roughly 51,500 lost car industry jobs in the space of a year, equating to 6.7% of the sector's total workforce. This made up almost half of the 114,000 industrial jobs lost in the same time period.
The phenomenon also appears to be accelerating: Since 2019, before the COVID-19 pandemic, roughly 112,000 carmaking jobs have been lost in Germany — almost half of them in the past 12 months.
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