Business · Economy · 1 hr ago

German industry lost 496,000 jobs between 2019 and 2025

German industry lost 496,000 jobs between 2019 and 2025

German industry had 496,000 fewer jobs at the end of 2025 than at the start of 2019, according to an Ifo Institute study.

That was a 7.1% drop in industrial employment over the period.

The biggest cuts were in autos and suppliers, metals and machinery, with the auto sector losing 123,500 jobs.

In contrast, services added more than 2.2 million jobs, especially in health, social care and public administration.

The study linked growth in health and social care jobs partly to Germany's aging population.

Ifo economist Joachim Ragnitz said the shift could weaken Germany's future growth potential because many new jobs are not in highly productive and innovative sectors.

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Joachim RagnitzDeputy head of the Ifo branch in Dresden
The very industries that have so far supported our prosperity are shrinking.
via Watson
This could curb our growth potential in the future.
via cash.ch