Germany's industrial jobs hit decade low
A study has shown that the number of workers in Germany's industrial sector has declined to its lowest level in ten years, now totaling 6.6 million people. The industry's share of the labor market has also decreased from 22% in 2014 to 19% currently. The decline is attributed to companies hesitating to hire new employees instead of laying off workers, with new hires dropping even more sharply than employment terminations since 2019. The study confirms that this shift serves as a warning for the future of Germany's industrial labor market.
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