With almost 81,000 industrial jobs already lost in the first nine months of the year, announcements of further cuts in German industry are continuing apace. In addition to the aggressive and unstable international backdrop, the deterioration of production conditions confirms that German industry is also going through a structural crisis. In an attempt to curb the trend, labour minister Hubertus Heil is opening the valve on short-time working.
Since last summer, announcements of job cuts have come one after the other: 14,000 at ZF Friedrichshafen, 5,500 at Bosch with reductions in working hours for 10,000 German employees, 2,900 at Ford Germany, 9,000 at SAP, 4,700 at Schaeffler, 3,300 at BASF and 11,000 at ThyssenKrupp, among others. More are still to come, such as at Volkswagen, which is planning to close plants in Germany. “The figures announced are significant and therefore highly publicised. But we can of course imagine that...
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Article authors
Thomas Schnee
Freelance