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Jobs massacre spreads across key industries in Germany
7 Articles
7 Articles
In order for an economy to succeed, it must constantly renew itself. New companies must emerge, old companies with outdated business models must make room for them. A recent study shows how this process has been flawed in Germany.
Jobs massacre spreads across key industries in Germany
While the German government pours hundreds of billions of euros into rearmament and war, the jobs massacre in the automotive, supplier, chemical, steel and other key industries continues unabated and is now extending to the services sector.
Behind hundreds of billions of euros and martial words such as "Warability" there is still no serious turning point to a ready-to-use Bundeswehr. Radical structural reforms would be necessary, especially at the top.
According to documents, the number of shifts may be reduced in several segments of engine production.
The crisis in the German automotive industry has also caught up with Audi. Fewer and fewer engines are being produced in Győr, a major summer shutdown is planned, and layoffs are expected.
There is great uncertainty, hundreds have already left the factory, and they were not the last to go. As engine production volumes decline, entire production lines could shut down.
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- 67% of the sources lean Right
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