Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Abu Dhabi Crown Prince dines with Carney as ties deepen

    October 28, 2026

    Meta to raise $95 billion in equity for AI superclusters

    October 27, 2026

    Trump exempts Canadian plywood and seaweed from 50% tariffs

    October 24, 2026
    Vancouver PatriotVancouver Patriot
    • Automotive

      Jaguar Type 01 electric GT debuts with 1,030 PS

      October 7, 2026

      Canada EV sales rebound while Saskatchewan lags

      June 22, 2026

      Nissan develops new self-driving system for urban streets

      September 22, 2025

      Dashboard display fault prompts Toyota recall of 70K vehicles in Canada

      September 20, 2025

      Tesla’s Europe sales drop continues for seventh straight month

      August 28, 2025
    • Business

      Meta to raise $95 billion in equity for AI superclusters

      October 27, 2026

      Trump exempts Canadian plywood and seaweed from 50% tariffs

      October 24, 2026

      Global Development Economies See $10 Billion in Supply Chain Finance Expansion by 2026

      October 17, 2026

      European Union’s Trade with Canada in 2025 Hits Record $48.8 Billion in Goods Exports

      October 10, 2026

      Costco’s Nationwide Motor Oil Pricing Surge as Kirkland Hits $57.99 Amid Supply Constraints

      September 16, 2026
    • Entertainment

      Critics say Ben Affleck understates AI use in film and TV

      January 27, 2026

      Fantastic Four leads with second-biggest opening in 2025

      July 27, 2025

      Disney and Marvel’s R-rated film hits billion-dollar milestone

      August 17, 2024

      Web3 leader Immutable rolls out $50M gaming rewards initiative

      April 27, 2024

      USHER’s pre-Super Bowl experience on Apple Music

      February 7, 2024
    • Health

      New International Study Finds Youth Vapers at Elevated Risk of Lung Health Issues

      August 21, 2026

      World Cup host nations align Ebola border measures

      May 30, 2026

      Canada set for generic weight-loss drug arrivals this summer

      March 31, 2026

      Study explains exceptional memory in some people over 80

      January 15, 2026

      Stanford researchers restore cartilage in aging joint models

      January 12, 2026
    • Lifestyle

      JP Morgan funds Fresha with $31 million for AI and robotics growth

      August 23, 2024

      Adidas, Highsnobiety debut limited-edition sneakers

      January 6, 2024

      Unraveling Starbucks’ phenomenon as a worldwide coffee powerhouse

      September 1, 2023

      How Nike’s Kobe 8 Protro Halo Marks an Emotional Milestone

      August 29, 2023

      From labels to legacy – understanding fashion’s hierarchy

      August 21, 2023
    • Luxury

      Price hikes and lack of innovation erode luxury market confidence

      November 18, 2024

      Uncover the allure of Rolex Deepsea – luxury awaits.

      April 10, 2024

      Beyond timekeeping to the prestige of the Rolex Day-Date

      March 2, 2024

      Rare uncut emerald dazzles at Sharjah show

      February 1, 2024

      Porsche and Frauscher launch the electric 850 Fantom Air

      October 17, 2023
    • News

      Abu Dhabi Crown Prince dines with Carney as ties deepen

      October 28, 2026

      Global UN Platform Looks to Establish Norms for AI in Peacekeeping and Defense

      October 22, 2026

      Atwood and Ryan North hit by record U.S. school book bans

      October 7, 2026

      Quebec’s Provincial Election Results Lead to Parti Québécois Securing a Minority Government

      October 6, 2026

      Alberta Man Detained in Vancouver After Downtown High-Speed Chase

      September 30, 2026
    • Sports

      Canada move on after 1-0 World Cup win over South Africa

      June 29, 2026

      Portugal held by DR Congo in 1-1 World Cup opener

      June 18, 2026

      Argentina beat Algeria as Messi equals World Cup goal record

      June 17, 2026

      Mbappe double lifts France past Senegal at World Cup

      June 17, 2026

      Germany beats Curaçao 7-1 to open World Cup 2026

      June 16, 2026
    • Technology

      Global Initiative by World Bank Aims to Bridge Digital Divide for Nearly 2 Billion Unconnected People

      October 21, 2026

      Canada Establishes Nationwide AI Advisory Council Led by Mark Carney

      October 5, 2026

      Andrew Yang Advocates for Nationwide AI Tax to Address Subsidies for Automation

      August 21, 2026

      Canada to spend C$900 million on drones and quantum defence

      March 10, 2026

      Google expands Gemini AI in Chrome with task automation features

      January 31, 2026
    • Travel

      Ontario Extends Lifting of Restricted Fire Zone and Travel Ban Across Northwestern Region

      August 21, 2026

      Canada cross border trips to U.S. fell sharply in late 2025

      January 28, 2026

      US immigration screening review suspends Pakistan exempts India

      January 15, 2026

      Canada reassures American tourists while U.S. regions scale back Canada marketing

      January 14, 2026

      Banff upgrades transit to address tourist congestion

      October 14, 2025
    Vancouver PatriotVancouver Patriot
    Home » Automotive job losses lead German economic slide
    Automotive

    Automotive job losses lead German economic slide

    August 26, 2025
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    Germany’s automotive sector has eliminated more than 51,000 jobs over the past year, according to a report published Monday by consulting firm Ernst & Young (EY), as Europe’s largest economy struggles with declining exports, rising costs and an extended period of industrial weakness. The EY study found that employment across the country’s automotive industry declined by 6.7 percent year-on-year in the second quarter of 2025. This represents a net reduction of approximately 51,500 positions, the steepest workforce contraction across Germany’s core industrial sectors.

    Automotive job losses lead German economic slide
    German automakers Mercedes-Benz Group, Volkswagen and Continental AG cut jobs amid export drops. Credit – Volkswagen AG.

    The broader industrial workforce also shrank. Total employment in Germany’s industrial sector dropped by 2.1 percent in the same period, bringing the number of workers to 5.43 million. Since 2019, the sector has shed nearly 245,500 jobs, a 4.3 percent reduction, reflecting sustained economic challenges facing German manufacturing. Germany’s automotive industry, historically one of its most competitive export sectors, has come under significant strain. Major manufacturers such as Mercedes-Benz, Volkswagen and Continental have implemented workforce cuts in response to slowing international demand and growing pressure on margins.

    The contraction in auto sector employment surpasses losses recorded in other manufacturing segments. The latest data underscore the difficulties German automakers face amid a costly transition to electric vehicles, high input prices and weaker overseas demand. The report also points to declining exports as a contributing factor. German exports to the United States fell by 10 percent over the past year, while exports to China dropped 14 percent. Both countries are key destinations for German-made vehicles and automotive components.

    Mercedes, Volkswagen and Continental reduce staff

    Germany’s economy contracted by 0.3 percent in the second quarter of 2025, a sharper decline than the initial estimate of 0.1 percent. The downturn follows stagnation in the previous quarter and a subdued performance throughout the past year. EY’s analysis highlights the continued pressure facing industrial employers. Companies have reduced hiring and delayed expansion plans due to concerns over energy prices, policy uncertainty and slowing global demand. The study relies on official labor statistics and corporate filings through July 2025.

    While services and construction sectors have demonstrated some resilience, the decline in manufacturing has weighed heavily on overall employment trends. Industrial companies have cited regulatory burdens, elevated energy costs and slower digital transformation as ongoing operational challenges. Germany’s industrial model, long built around high-value exports and a skilled manufacturing base, is undergoing a period of adjustment.

    Germany faces persistent industrial headwinds

    The job losses reported by automotive firms reflect broader efforts to restructure operations in response to market and technological changes. Continental, one of Germany’s largest automotive suppliers, and other parts manufacturers have also been affected, aligning their workforce strategies with lower production volumes and changing global demand dynamics. According to the report, no forward-looking projections were included.

    The data was compiled based on reported employment levels across key industrial employers and government labor data. The results illustrate the scale of the structural and cyclical pressures affecting Germany’s industrial base, particularly its automotive sector. The sharp decline in employment among carmakers and suppliers signals a period of continued stress for one of the country’s most vital industries. – By EuroWire News Desk.

    Related Posts

    Abu Dhabi Crown Prince dines with Carney as ties deepen

    October 28, 2026

    Meta to raise $95 billion in equity for AI superclusters

    October 27, 2026

    Trump exempts Canadian plywood and seaweed from 50% tariffs

    October 24, 2026

    Global UN Platform Looks to Establish Norms for AI in Peacekeeping and Defense

    October 22, 2026

    Global Initiative by World Bank Aims to Bridge Digital Divide for Nearly 2 Billion Unconnected People

    October 21, 2026

    Global Development Economies See $10 Billion in Supply Chain Finance Expansion by 2026

    October 17, 2026
    Latest News

    Abu Dhabi Crown Prince dines with Carney as ties deepen

    October 28, 2026

    Meta to raise $95 billion in equity for AI superclusters

    October 27, 2026

    Trump exempts Canadian plywood and seaweed from 50% tariffs

    October 24, 2026

    Global UN Platform Looks to Establish Norms for AI in Peacekeeping and Defense

    October 22, 2026

    Global Initiative by World Bank Aims to Bridge Digital Divide for Nearly 2 Billion Unconnected People

    October 21, 2026

    Global Development Economies See $10 Billion in Supply Chain Finance Expansion by 2026

    October 17, 2026
    © 2026 Vancouver Patriot | All Rights Reserved
    • Home
    • Contact Us
    • Disclaimer

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