Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
A research report released on Monday by consulting firm EY showed that despite Germany's industrial companies achieving sales growth for the first time in about three years, layoffs in the sector are still ongoing for 2026, with the automotive industry being hit the hardest.

A research report released on Monday by consulting firm EY showed that despite Germany's industrial companies achieving sales growth for the first time in about three years, layoffs in the sector are still ongoing for 2026, with the automotive industry being hit the hardest.

老虎证券老虎证券2026/05/25 04:42
Show original
Ernst & Young stated that as of the end of the first quarter, German industrial companies had cut 127,300 jobs, representing a year-on-year decrease of 2.3%. Since 2019 (the year before the COVID-19 outbreak), the industry has eliminated 341,500 positions, a drop of just over 6%, meaning that one out of every 17 industrial jobs has disappeared. Ernst & Young reported that weak sales were the main reason for the latest round of layoffs, although first-quarter data suggests a possible turnaround. After declining for 10 consecutive quarters, industrial sales revenue grew by 1.7% year-on-year. Ernst & Young expert Jan Brorhilker said the improvement was mainly due to the metal industry, while most other sectors are still facing pressure. “After three years of continued decline, this situation is eroding the foundation of companies,” Brorhilker said.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!