Germany: important wave of layoffs in the fall in several key economic sectors taking shape

short-time working measures, to the early consequences of anticrisis programs and to the will of the social partners to maintain employment for as long as possible, Germany hasn’t yet experienced an unemployment boom, even though industrial employment is starting to weather out (-2.3%). However, in spite of economic indexes referring to a slow improvement of the situation, orders and prospects for key sectors such as machine-tool, metal or electrical engineering are so bad that professionals d