Green energy is killing jobs in Germany.
Germany’s economy may have narrowly avoided a recession, but the pressure on the country’s industry shows no sign of abating.
Daimler AG said this week it will shed 10% of management positions at its Mercedes unit, lifting the tally of job cuts announced this year across Germany’s manufacturing sector to more than 80,000, according to Bloomberg calculations.
Companies from Volkswagen AG to Siemens AG are letting go workers as Germany’s powerful automotive industry is struggling with a shift toward electrification and self-driving cars, and makers of machinery and robots are hit by slower exports and trade disputes.
Short-term work is at its highest in more than 3 years
While the country’s unemployment rate, at 5%, remains close to its historic low, the number of freelancers is rising and short-term work has been creeping up since last year. Automotive companies in particular have also started to shed thousands of jobs. Daimler alone pledged to cut a total of at least 1.4 billion euros ($1.5 billion) in personnel expenses -- potentially putting many more jobs at risk.
The full effect of the cuts may not be felt immediately. German labor laws and powerful unions make it difficult to fire workers, and many large companies have agreements banning forced dismissals, meaning job-cut programs have voluntary elements and sometimes run for years.
Still, the deteriorating prospects for employment could turn into a headache for the German government, which has been considering following countries from China to the U.K. in beefing up investments to stimulate its economy.
Here is a rundown of the main job cuts announced since the beginning of the year by German industrial companies. The tally includes foreign corporations that have announced cuts affecting staff in Europe’s biggest economy. It excludes the financial industry, cuts that remain unconfirmed, and programs where companies have not yet specified how many jobs will go.
Airbus1,100GermanyApril 11At Premium Aerotec in Augsburg
BASF6,000GlobalJune 27Half of those in Germany
Bilfinger200GermanyNov. 13Admin and IT jobs
Bosch2,840GermanyOct 22At three sites
Brose2,000GermanyOct 17Bamberg, Hallstadt, Coburg, Wurzburg
Continental20,000GlobalSept 257,000 in Germany
Daimler1,100GlobalNov. 14Managerial positions
Enercon3,000GermanyNov. 8Jobs to go at Enercon and its suppliers
Diehl Aviation240GermanyOct. 7
Duerr350GermanyNov. 6Closure of production in Hemmoor at Homag
Ford5,000GermanyJune 27Part of 12,000 cuts across Europe
GEA Group800GlobalSept 26By the end of 2020
Goodyear1,050GermanyMar 19Fulda, Hanau factories
Krones400Mostly GermanyOct. 30Between 300 and 500
Kuka350GermanyMarch 28Augsburg headquarters
Leoni2,000GlobalMarch 18500 in high-wage countries
Mann+Hummel1,200GlobalApril 11300 in Germany
Michelin858GermanySept 25French tire maker closes German site
Miele1,720GloballyOct. 30890 in Germany
Philip Morris950GermanyMay 28Ends cigarettes production in Berlin
Sanofi466France, GermanyJune 19French drugmaker cuts R&D jobs
Schaeffler2,200Mostly GermanyMar 6, Oct 10
Schuler500GermanyJuly 29Production jobs
Siemens13,100GlobalMay 8, June 182,700 at its power and gas unit, 4,900 in digital industries, 3,000 at smart infrastructure, 2,500 corporate
Stabilo-Schwan200GermanyJuly 17Jobs moved to Czech Republic, U.S.
Stahl Holding Saar1,500GermanySept. 27Jobs in Saar region
Thyssenkrupp6,000Germany, elsewhereMay 104,000 in Germany
Vestas500GermanySept 27Danish wind turbine maker shrinks German plant
Voith Turbo230GermanyOct 14Closing two plants
Vossloh200April 23Cuts 5% of staff
Volkswagen4,000GermanyJune 5VW brand will cut as many as 4,000 general and administrative jobs through 2023