economy
March 8, 2026
Germany Goes Through One of the Hardest Crises in Its History
The executive director of the association warned that the industry is in the midst of a deindustrialization process.
TL;DR
- German metal and electrical industry facing severe crisis.
- Up to 150,000 jobs could be lost by 2026.
- Executive director warns of deindustrialization.
- High operating costs cited as primary reasons: energy prices, corporate taxes, social security contributions, bureaucracy.
- Industry has been in recession for two years.
- About 270,000 jobs lost since 2018.
- Employee numbers fell below 3.8 million, lowest since 2015.
- Recent order growth mainly from defense contracts, not indicative of real demand.
- Structural reforms and cost reduction are necessary to prevent further weakening of the sector.
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