Markets
8.2
VW Freezes Salaries to 2030, 100K Jobs at Risk in Cost-Cutting Drive
Published 7 h ago4 sourcesEvidence: Reported
SeverityHighAssessedDeveloping storyRzeczpospolitaLow-rated sourceDE
German industry has lost nearly 500,000 jobs since 2019, concentrated in automotive and mechanical engineering, while the service sector has added millions of positions. Ifo researchers flag structural risks to the industrial base. The shift underscores a persistent deindustrialization trend with implications for German growth and competitiveness.
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