According to data from the Federal Statistical Office, the automotive industry in Germany recorded 721,400 employees at the end of September, the lowest value since 2011, with a decrease of 6.3% compared to the previous year. The manufacturing sector as a whole had approximately 5.43 million employees, down by 120,300 people. Large companies such as Volkswagen, Ford, Continental, and Bosch have announced significant staff reductions to maintain their competitiveness, with Volkswagen planning to cut 35,000 jobs by 2030. The automotive industry is facing challenges such as high taxes in the US and supply difficulties with semiconductors. However, a survey conducted by the Ifo economic institute shows an improvement in sentiment in the sector, with a business climate index rising from minus 21.3 points in September to minus 12.9 points in October.
Sources
Numărul locurilor de muncă din sectorul auto german a atins cel mai scăzut nivel din ultimii zece ani
German autos sector slashes jobs as economic woes bite
dw
German auto industry braces for change as car crisis bites
et auto
German auto industry faces deepening crisis as VW, Bosch and others slash jobs
autoblog
Germany’s Auto Industry Is Facing Decline. Here’s Why
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