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Germany industry cuts 127k jobs, auto sector bears brunt

5/25/2026

33 3 Full Breakdown

Summary

Story summary

Germany's industrial sector lost 127,300 jobs in Q1 2026 despite a 1.7% sales rise.
Since 2019 the sector shed 341,500 jobs, a decline of just over 6% (one in 17).
The automotive sector accounted for about 125,800 of those losses, including 32,000 in the past year.
EY said weak sales drove the cuts and warned that overcapacity and export difficulties could force plant closures.

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Story summary

Germany's industrial sector lost 127,300 jobs in Q1 2026 despite a 1.7% sales rise.
Since 2019 the sector shed 341,500 jobs, a decline of just over 6% (one in 17).
The automotive sector accounted for about 125,800 of those losses, including 32,000 in the past year.
EY said weak sales drove the cuts and warned that overcapacity and export difficulties could force plant closures.