German Metal, Electrical Industries Face Another 300,000 Job Losses
7 Articles
7 Articles
The Federation of Employers in the Minerals and Electrical Industries of Germany today, Wednesday, warned against the possible loss of some 300,000 additional jobs in the sector over the next two to three years, as production continued to decline and economic and competitive pressures on German companies increased.
Gesamtmetall warns employment could fall to lowest level since reunification amid high costs, weak capacity utilization
The dramatic job reduction in the German industry continues. Now, the employers' association of the entire metal warns against the loss of another hundreds of thousands of jobs.
Germany’s metallurgical industry could lose a total of 300,000 jobs by 2030, or an average of around 10,000 per month. Oliver Sander, head of the German Association of Employers in the Metallurgical and Electrical Industries (Gesamtmetall), warned this in an interview with Bild. “Due to underutilization of production capacity, another 300,000 jobs are at risk […]
The IG Metall calls for strikes – and this in a catastrophic situation of the metal and electrical industry, the employers' association Gesamtmetall warns. Only now 300,000 jobs are threatened. This post Employer's association Gesamtmetall warns hundreds of thousands of jobs in the metal and electrical industry were threatened publicly on Junge Freiheit.
Since 2019, Germany ' s metallurgical and electrical industries have lost 350,000 jobs.
Coverage Details
Bias Distribution
- 67% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
