Close Menu
  • Home
  • Entertainment
  • Film & TV
  • Fashion
  • Business
  • Sports
  • Lifestyle
  • Tech
  • Health
What's Hot

Budget 2025: Reeves vows to ‘tromp’ on gloomy forecasts – but faces income tax warning | Politics News

October 29, 2025

Health: mRNA Covid vaccines can help fight cancer

October 29, 2025

Public concern about climate change is decreasing in the face of war and conflict

October 29, 2025
Facebook Instagram YouTube TikTok
  • About Us
  • Contact Us
  • Terms & Conditions
  • Privacy Policy
Facebook Instagram YouTube TikTok
Nana Media
  • Home
  • Entertainment
  • Film & TV
  • Fashion
  • Business
  • Sports
  • Lifestyle
  • Tech
  • Health
العربية
Nana Media
العربية
You are at:Home»Business»The German auto industry violates 51,500 jobs per year
Business

The German auto industry violates 51,500 jobs per year

Nana MediaBy Nana MediaAugust 29, 20253 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
The German auto industry violates 51,500 jobs per year
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

German Industry’s Employment Decline Continues

The steady decline in German industry’s employment figures continues, with the country’s valuable automotive industry leading the way. A new study by accounting giants EY, based on data from the government’s statistics office, recorded around 51,500 jobs lost in the auto industry within one year. This corresponds to 6.7% of the total workforce of the sector and makes up almost half of the 114,000 industrial jobs lost in the same period.

Accelerating Job Losses

The phenomenon also seems to be accelerating, with almost half of the job losses occurring in the past 12 months. This is a significant increase compared to the period before the Covid-19 pandemic. Exports to the USA and China have already fallen quickly, and new tariff disputes will probably not help with both countries.

The United States and China’s Impact on the Auto Industry

The sales of German industrial companies fell by 2.1% in the second quarter of 2025, much more than the negative growth of 0.3% as a whole. Only the electronics industry improved sales in the quarter, while the income from automotive companies dropped by 1.6%. Exports to the USA, the largest internal market in Germany, have dropped by around 10%. Jan Brohriker from EY predicted that "improvement is not in sight" in view of the introduction of new, somewhat higher tariffs by President Donald Trump with 15% for cars.

China’s Declining Exports

A strong break-in of exports to China also affects the auto industry. Long Germany’s second most lucrative export market, China has risen to sixth place in the ranking, with a decline of 14% compared to the previous year in the last quarter. "The United States and China are currently the cause of important concerns," said Brohriker. "The Chinese market was particularly attractive for the automotive industry for a long time with very large margins."

EU and China’s Collective Bargaining Battle

The EU and China have recently been involved in their own collective bargaining battle, especially with regard to China’s cheaper electric cars, and the rapidly growing Chinese auto industry itself covers more and more domestic demand. This has led to a decline in exports to China, which is expected to continue.

Germany at the Center of Belt Inflation

Large companies such as Mercedes-Benz, Volkswagen, Audi, Bosch, Continental, ZF, and Porsche have started cost reduction programs, and often these cuts begin in foreign production facilities. "Manufacturers of German automotive companies and components logically react to the difficult situation of the industry with a savings drive," said EY’s Brohriker. "Massive profit reductions, excess production capacity, and weakening export markets make considerable work cuts in Germany – in Germany, where management, administration, and F&E workplaces are based."

Future Prospects

EY predicted that the falling jobs would probably have a continuous trend, citing the continuous restructuring and cost reduction plans, which would continue to lead to layoffs. It also predicts a more difficult future for prospective young engineers who leave school or university. "The car engineering and mechanical engineering sector sets considerably fewer young people than in previous years," said Brohriker. "The labor market for young engineers becomes uncomfortable, many have to realign."

Audi Automotive industry Automotive industry in the United States Bosch (company) China Collective bargaining Continental AG COVID-19 pandemic Donald Trump Economic growth Electronics industry Externality German Empire Germany Industry (economics) Inflation International trade Management Manufacturing Market (economics) Mechanical engineering Mercedes-Benz Porsche Profit (economics) Sales Secondary sector of the economy Tariff Volkswagen
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Avatar photo
Nana Media
  • Website

Related Posts

Budget 2025: Reeves vows to ‘tromp’ on gloomy forecasts – but faces income tax warning | Politics News

October 29, 2025

France was eliminated from the Nations League due to the draw against Germany

October 29, 2025

Bond giant Pimco is selling much of Thames Water’s debt position | Money news

October 28, 2025
Top Posts

Budget 2025: Reeves vows to ‘tromp’ on gloomy forecasts – but faces income tax warning | Politics News

October 29, 2025

Ralph Macchio pays Francis Ford Coppola $ 5 from ‘The Outsiders’ back

April 28, 2025

Summary of the Helluva bosses, the latest news, trailer, season list, line -up, where to see and more

April 28, 2025

‘Thunderbolts*’ director reveals how “Die Hard” part of the “DNA” of the Marvel film is

April 28, 2025
Don't Miss
Fashion

Maria Grazia Chiuri to leave Dior

By Nana MediaMay 29, 2025

Introduction to Maria Grazia Chiuri’s Departure A successor still has to be announced following the…

Ed Sheeran’s piece: Can the pop star get his crown back?

September 12, 2025

Kate Moss publishes Rock ‘N’ Roll Zara Collection with Primal Screams Bobby Gillespie

June 6, 2025

Glastonbury Glampers worry after the yurt company goes bankrupt

May 22, 2025
About Us
About Us

Welcome to Nana Media – your digital hub for stories that move, inform, and inspire. We’re a modern media platform built for today’s audience, covering everything from the glitz of entertainment and the magic of film & TV to the latest innovations shaping our tech-driven world. At Nana Media, we bring you sharp insights, honest opinions, and fresh takes on the trends shaping pop culture and beyond.

Facebook Instagram YouTube TikTok
Our Picks

Budget 2025: Reeves vows to ‘tromp’ on gloomy forecasts – but faces income tax warning | Politics News

October 29, 2025

Health: mRNA Covid vaccines can help fight cancer

October 29, 2025

Public concern about climate change is decreasing in the face of war and conflict

October 29, 2025
Our Newsletter

Subscribe Us To Receive Our Latest News Directly In Your Inbox!!!

We don’t spam! Read our privacy policy for more info.

Check your inbox or spam folder to confirm your subscription.

© Copyright 2025 . All Right Reserved By Nanamedia.
  • About Us
  • Contact Us
  • Terms & Conditions
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.