Study Reveals German Industry Loses Nearly 250,000 Jobs Amid Deepening Downturn
Job Losses in German Industry: A recent EY study reveals that nearly 250,000 jobs have been lost in the German industrial sector since 2019, with a 2.1% decline in employment reported in the second quarter of 2025.
Revenue Decline: German industrial firms experienced a revenue drop of 2.1% year-on-year, totaling over 533 billion euros in the second quarter of 2025, following a slight decline in the first quarter.
Impact on Car Manufacturing: The automotive industry faced the most significant job losses, with a 6.7% decrease in employment translating to approximately 51,500 jobs lost over the past year due to competition and market challenges.
Export Challenges: Exports to key markets like the U.S. and China have declined sharply, with a 10% drop in U.S. exports and a 14% decrease in exports to China during the second quarter.
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