Job loss shock: Over 51,000 jobs cut in the German automotive industry!

Job loss shock: Over 51,000 jobs cut in the German automotive industry!

German industry is heading for challenging times. According to recent reports, the economic crisis has cost more than 100,000 jobs in the past twelve months, which is having a dramatic impact on the auto industry. Here alone, around 51,500 net jobs were cut, which accounts for almost 7% of existing jobs br.de reported.

There was also a noticeable decline in sales of 2.1% in the second quarter of this year, which anticipates the previous weakening of the industry. Total sales in the auto industry fell by 1.6%. These negative developments are not just a coincidence; Expensive energy prices, increasing bureaucracy and weakening domestic demand are dealing a powerful blow to industrial companies.

The pressure on the auto industry

The situation in the auto industry is particularly tense. Industry giants such as Mercedes-Benz, VW and Bosch have already announced savings programs. As part of these measures, the decline in the number of employees will be noticeable. Currently only around 734,000 people work in the automotive industry, a decline of almost six percent compared to the previous year. This development shows how hard the industry is suffering from the pressure caused by aggressive competitors and high costs spiegel.de determines.

But the automotive industry is not the only one suffering from the harsh weather. Around 17,000 jobs were also cut in mechanical engineering, while metal production lost 12,000 jobs. In contrast, the chemical and pharmaceutical sectors were only able to reduce their employment numbers slightly, indicating that not all sectors are in the same critical situation.

Economic challenges

Another alarming signal is the continuous decline in the number of employees since 2019: the loss amounts to around 245,000 employees, a decline of 4.3% in a nationally important sector. Overall, German industry currently employs 5.42 million people, which is 2.1% less than in the previous year. This decline is expected to continue, and many experts warn of rising unemployment among college graduates.

The ongoing problems have sparked a serious debate about Germany as a location. Critics speak of a possible deindustrialization of the country, and calls for political measures to improve competitiveness are growing louder. The Association of the Automotive Industry (VDA) emphasizes that the framework conditions for industrial companies must be improved: less bureaucracy and lower costs would be central issues, as well n-tv.de stated.

The coming months will be crucial: Since at least 70,000 more jobs in industry will be at risk by the end of 2025, it is up to politicians and companies to develop a good hand in meeting the challenges of the time and securing the future of German industry.