US EditionGermany’s Job Crisis, over 100,000 Jobs Lost
- Germany’s industrial sector lost over 100,000 jobs in 2024, reducing the workforce to 5.46 million people.
- This decline followed a peak employment of 5.7 million in 2018 and continued through mid-2024 with a 1.8% workforce shrinkage.
- Since taking office in early May 2025, Chancellor Friedrich Merz has introduced measures such as tax benefits and a proactive pension scheme aimed at increasing labor market engagement.
- His Cabinet approved a growth booster program in early June 2025, and Apollo Global Management pledged up to $100 billion investment, signaling business interest.
- Despite these efforts, experts warn another 70,000 industrial jobs could be lost by the end of 2025, indicating ongoing challenges in Germany’s economic recovery.
15 Articles
15 Articles
According to the OECD, Germans work less than Americans and Greeks every year. Clemens Fuest proposes holiday cancellation.
Many chemical companies are cutting jobs and closing plants. But Altana has record profits. This has to do with environmental protection – and with the former owner who took the company from the stock exchange 15 years ago.
In Germany stagnation, in the USA trade war – the local industry has a heavy year behind it. What is expected for 2025 and how it continues for the employees.
The ongoing economic crisis has cost German industry more than 100,000 jobs within one year.
The industrial crisis in Germany leaves its mark. According to an analysis, 100,000 jobs were lost within one year, a good 45,000 of them in the car industry. Another 70,000 jobs could disappear by the end of 2025. Analysts do not see an explicit deindustrialisation.
The German economy is struggling through the recession and cutting jobs. More than 100,000 jobs were lost in manufacturing within a year, almost half of them in the automotive industry. A study predicts further losses.
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- 40% of the sources lean Left, 40% of the sources lean Right
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