Germany: Companies Want to Cut More Jobs Despite Better Economic Conditions

Sueddeutsche Zeitung

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Many industries want to keep cutting jobs, even if the mood is brightening. Export-oriented industries in particular are affected.

Zeit Online

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The order situation in German industry has recently improved. Nevertheless, according to the Ifo Institute, companies in Germany want to reduce staff again more frequently.

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der Standard DE

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According to the Ifo Institute in Munich, labour market restraint is increasing. According to the employment barometer, many companies are now planning to lay off more staff.

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The ifo employment barometer fell to 93.1 points in February, after 93.4 points in January. "Responsibility on the labour market is on the rise again," says Klaus Wohlrabe, head of the ifo surveys. "Many companies are planning to lay off more staff instead of creating new jobs." {/mprestriction} In industry, the reduction of jobs remains a dominant issue. Almost all sectors are planning to reduce staff, especially the automotive industry. The pr…