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Germany's Auto Industry Faces 51,500 Job Cuts Amid Crisis

8/26/2025

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Summary

Story summary

Germany's auto sector has lost around 51,500 jobs, nearly 7% of its workforce, due to economic challenges, per an EY report.
The industrial sector has declined by 114,000 jobs since 2019, with Q2 2025 revenues down 2.1%.
Tariff disputes with the US and China are negatively affecting exports and profits.
Volkswagen and Mercedes-Benz are enacting cost-cutting measures, resulting in further layoffs.

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Story summary

Germany's auto sector has lost around 51,500 jobs, nearly 7% of its workforce, due to economic challenges, per an EY report.
The industrial sector has declined by 114,000 jobs since 2019, with Q2 2025 revenues down 2.1%.
Tariff disputes with the US and China are negatively affecting exports and profits.
Volkswagen and Mercedes-Benz are enacting cost-cutting measures, resulting in further layoffs.