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German Survey Reveals Workforce Cuts Amid Economic Challenges

1/1/2026

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Summary

Story summary

A survey by the German Economic Institute IW shows 22 of 46 associations expect workforce reductions in 2026, with 9 among them foreseeing hiring increases.
Automotive, paper, and textiles are affected by global protectionism and weak exports.
IW director Michael Huether says the economy is stabilizing at a lower level.
Defense-related sectors such as aerospace and shipbuilding show positive trends, and 19 associations expect higher production.

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Story summary

A survey by the German Economic Institute IW shows 22 of 46 associations expect workforce reductions in 2026, with 9 among them foreseeing hiring increases.
Automotive, paper, and textiles are affected by global protectionism and weak exports.
IW director Michael Huether says the economy is stabilizing at a lower level.
Defense-related sectors such as aerospace and shipbuilding show positive trends, and 19 associations expect higher production.