10.000 job cuts after liquidations. The impact on employment should be very sizeable because, true spearhead of German exports, the machine and facilities construction sector is, so it says, the largest industrial employer in Germany with about 975.000 employees. In 2009, the employers’ organization is expecting the suppression of 25.000 job cuts, 10.000 of which following liquidations. Besides, 50.000 agency workers should loose their job soon. 2008 was another record year for the sector’s businesses with an 8% increase in exports - €147 billion in nominal value – leading to the creation of 40.000 new jobs.
y 40% compared to the year before. “The fourth quarter of 2008 was the worse ever since 1958” acknowledged Manfred Wittenstein, leader of the VDMA, who didn’t rule out the possibility to once again lower its forecasts if the situation were to worsen again. The federation didn’t give any forecasts for 2010. However, the difference varies from one branch to the other. Thus, businesses in the renewable energy sector should keep making progress, unlike the manufacturers of textile machines and mach
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