German Auto Sector Faces 7% Workforce Decline Amid Trade Pressures
Berlin (International Desk) –Germany’s auto industry has seen a steep dip in employment, equating to nearly 7% of its total workforce, industry data revealed on Tuesday. Analysts point to faltering exports to China and the United States as a key driver of the downturn. Newly imposed tariffs in both markets have raised significant barriers to…
Berlin (International Desk) –
Germany’s auto industry has seen a steep dip in employment, equating to nearly 7% of its total workforce, industry data revealed on Tuesday.
Analysts point to faltering exports to China and the United States as a key driver of the downturn. Newly imposed tariffs in both markets have raised significant barriers to entry, weakening demand for German vehicles abroad.
The German auto sector, a cornerstone of Europe’s largest economy, is now under mounting pressure to diversify export destinations and accelerate its transition toward electric mobility to cushion against global trade frictions.
