German Industry Loses 500k Jobs Since 2019
Germany has lost nearly half a million industrial jobs since 2019 amid mounting competitive pressure. The automotive and metal sectors suffered the heaviest cuts as the economy shifts.
Germany's industrial sector has lost 496,000 jobs since 2019, representing a 7.1% contraction amid mounting competitive pressures, an Ifo study showed on Monday morning. The manufacturing decline stands in sharp contrast to the service sector, which added over 2.2 million jobs over the same period. Investors face a structural shift where traditional growth engines are shrinking while lower-productivity services expand.
