Business · Economy · 1 hr ago

German crafts leader warns of up to 80,000 job losses a year

German crafts leader warns of up to 80,000 job losses a year

Jörg Dittrich, head of Germany’s crafts association, warns the sector is in crisis despite improved forecasts for the country’s wider economy.

He says the sector’s business confidence is as low as during the pandemic, while investment has fallen to levels last seen during the financial crisis.

More than 150,000 crafts jobs have disappeared in two years, Dittrich says.

Without action, he warns, the sector could lose 70,000 to 80,000 jobs each year.

He blames high payroll-related costs and says many business owners lack confidence or money to keep operating.

Dittrich wants lower costs and delivery on government promises, including changes to working hours and electricity taxes for crafts businesses.

He also backs later retirement and larger cuts to pensions for people who retire early, while warning that a planned pension reform may be delayed by upcoming political events.

1 source

Related

What people are saying

Jörg DittrichPresident of the German Confederation of Skilled Crafts
If no countermeasures are taken, the crafts sector will lose between 70,000 and 80,000 jobs per year.
via n-tv
Many business owners lack confidence; others simply lack the financial means. And then they close.
via n-tv
It is undignified how the crafts sector is being treated.
via n-tv