Germany: Deindustrialization to Hit the Labor Market with Full Force
Streamlining of production processes and resorting to part-time as opposed to full-time jobs are methods that have been massively used in German industry over the past years. In the automobile sector, for instance, total employment was 42,000 jobs less in 2023 than in 2018, when it was 822,000. But these were gradual shifts over several years. Today, deindustrialization has hit […]
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