Germany’s Wave of Layoffs Grows!

Thousands Have Already Lost Their Jobs — and Thousands More Are Waiting

A weakening economy, declining demand, and rising competition are putting immense pressure on German companies. To stay afloat, firms are freezing new hires and continuing large-scale layoffs.

📌 The automotive industry has been hit the hardest — over 50,000 jobs have been lost, accounting for 6.7% of the sector’s total workforce and nearly half of all 114,000 manufacturing jobs cut during the same period.

📌 Volkswagen Group has laid off 7,000 employees in Germany as part of a cost-cutting program.

📌 Its luxury brand Porsche plans to lay off 4,000 employees, with further job cuts expected to be negotiated with labor unions in the second half of 2025.

📌 Automotive supplier Bosch announced plans to cut an additional 13,000 jobs by 2030 as part of its cost-reduction strategy.

📌 Layoffs are also spreading across technology, telecommunications, finance, and other sectors, with new announcements almost daily.

📌 Siemens previously confirmed that it will cut more than 6,000 jobs by 2027, primarily in its automation division.

📌 Lufthansa Group stated that it plans to eliminate 4,000 administrative positions by 2030.

Source: Anadolu Agency / Dünya Gazetesi