10 Hrs
Source:
Sky News
Ifo: German industry shed 500k jobs since 2019
Since the beginning of 2019, the German industrial sector has lost nearly half a million jobs, representing a decline of 7.1% by the end of 2025, according to a study by the Ifo Institute. The most affected sectors include the automotive industry, which eliminated 123,500 jobs; the metal industries, which lost 115,600 jobs; and machinery manufacturing, with 64,500 jobs. Conversely, the services sectors, particularly health and social services, have added more than 2.2 million jobs. There has also been an increase in employment in public administration and information technology. However, experts warn that this structural shift may constrain Germany’s future economic growth capabilities.
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