German industry bleeding jobs – business lobby

The country’s industrial sector is losing around 15,000 jobs every month, according to manufacturing association BDI Germany is rapidly losing industrial jobs and competitiveness, Federation of German Industries (BDI) chief Tanja Goenner has warned, describing the situation as “critical.”The BDI, Germany’s main industry association, represents around 39 industrial groups and more than 100,000 companies employing over 8 million people, making it the voice of Germany’s industrial core.In an interview with the news agency dpa released on Saturday, Goenner said Germany’s industrial sector is losing around 15,000 jobs every month, blaming structural weaknesses and external geopolitical pressures.“The situation in industry is critical,” she said, adding that “Germany has lost ground in terms of competitiveness” as a business and manufacturing hub. Goenner pointed to growing market distortions from Chinese exports and US tariff policies, saying they are weighing heavily on domestic firms. She also argued that years of structural weaknesses and mounting economic burdens in Germany and across Europe had undermined the business environment.She said further deindustrialization could still be ...