In the auto sector, around 45,400 jobs were cut on a net basis.
Since the pre-coronavirus year of 2019, the number of employees has fallen by a total of 217,000, a decline of 3.8 per cent. In 2018, the industry had reached a record high of around 5.7 million employees.
There is no end to the job cuts in sight, Brorhilker said. Revenue from German industry has continued to decline slightly after a slump at the beginning of 2024.
“We will continue to hear a lot of bad news for the time being before things start to improve again.”
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