A jobs massacre is unfolding in the German auto industry, the likes of which the sector has not seen since the Second World War. For some time now, manufacturers in Germany and their suppliers have been using the transition to electric vehicles (EV) to cut jobs and increase exploitation. In the meantime, they have fallen behind in the global competition because their competitors offer cheaper and technically more sophisticated models. Ford workers demonstrate after the announcement of the closure of the Saarlouis plant, June 22, 2022 On Friday, the Munich-based Ifo Institute reported a further decline in business expectations in the German automotive industry based on a company survey.
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