German industry sheds 500K jobs since 2019
In a recent report, the German Ifo Institute revealed that the industrial sector in Germany has lost approximately 496,000 jobs since the beginning of 2019 through the end of 2025, representing a decline of 7.1%. Job losses in the automotive and supplier industries amount to about 123,500 positions (13%), the metal industry saw a reduction of 115,600 jobs, and the machinery sector lost 64,500 jobs. Conversely, the services sector has created over 2.2 million new jobs, particularly in healthcare, social work, and public administration, with a notable growth in information technology positions. Joachim Ragnitze, Deputy Director of the Ifo Institute, described this as a rapid structural transformation, warning that reliance on sectors with lower productivity could limit the future growth of the German economy.
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