Before it's over they'll be using their currency to keep warm in the winter. Then, they can congratulate themselves on their humanitarian superiority!
Posted on 09/04/2025 4:57:20 AM PDT by MtnClimber
The crisis of the German economy is accelerating. The latest figures from the Federal Statistical Office show a sharp increase in job losses across the industrial sector.
On Tuesday morning, consultancy firm EY released alarming numbers based on official data: Germany’s industrial sector has been shedding jobs at a dramatic pace across nearly all segments.
Over the past twelve months alone, the industry lost a cumulative 114,000 jobs -- a 2.1% decline in total employment. Since 2019, the year before the COVID lockdowns, a staggering 245,000 jobs have disappeared in German industry, representing a 4.3% contraction.
What was once considered a safe haven of “crisis-proof” engineering jobs is now collapsing. Core sectors such as mechanical engineering have seen production volumes shrink by up to 15% compared to 2019.
Automakers at the Epicenter
The automobile sector is at the center of the storm. In the past year alone, 51,500 jobs were cut, a reduction of around 7% in the workforces at Mercedes, VW, Bosch, Continental, and others. These companies are not only suffering from Germany’s energy crisis, but also from the disastrous mismanagement of the transition to electric mobility. Fierce competition from China and Tesla’s technological lead have further undermined the industry, while German automakers still face a punishing 27.5% tariff in the U.S. market.
More than just storm clouds are gathering over the sector: collapsing margins and another 1.6% decline in revenues this year will weigh heavily on employment. Since 2020, German automakers have lost around 13% of their sales volume. The numbers point to an economic depression and reflect structural problems long debated -- high energy costs, suffocating bureaucracy under the EU’s Green Deal, and weak domestic demand.
Bleak Outlook in Other Sectors
The outlook is equally grim in other industrial branches. Mechanical engineering shed 17,000 jobs last year, the metal
(Excerpt) Read more at americanthinker.com ...
unfortunately since we are all tied together into one big unhappy family of economies, this can start a chain reaction
Yep, my 1st thought. They mocked President Trump when he warned them about getting rid of fossil fuels like he was some kind of imbecile.......they made their bed......let ‘em lie in it.
I think any centralized government bureaucracy anywhere would eventually turn into a Deep State. Because eventually it would be more about keeping and expanding power than doing good.
The trick is to keep power decentralized in the first place. But once it’s centralized, you’re pretty much stuck. Because only a revolution would change things.
I am somewhat surprised at the results. I am even more surprised of the response of German trade unions. IG Metall has been one of the most powerful unions in Europe and the most powerful union in Germany. It seems it has done nothing to stem the decline in manufacturing jobs.
Or, the products designed and produced by German ME’s do not sell as well as the products designed and produced by competitive nation’s ME’s.
In 2024, the auto model with the greatest world wide sales volume was a Toyota. The second best seller model was a Tesla
Germany birth rate 1.4. (https://www.prb.org/international/indicator/fertility/map/country)
You can blame politicians all you want but this is death by suicide .
Yes, that group was an effort advocating what we now call globalism … but not by far the first. IMO like an iceberg we’re seeing the tip of the pyramid so to speak.
No, I’m not able or interested in reciting some grand flowchart with an official Alex Jones tinfoil cap on :) and again IMO only with more current tech are these ideas that have floated around come to seriously threaten us all.
You raise an interesting point. Here in the United States the steel industry collapsed while the United Steelworkers (USW) did next to nothing.
Billy Joel mentioned that in his sad, poignant song “Allentown”.
“And we’re waiting here in Allentown
But they’ve taken all the coal from the ground
And the union people crawled away”
Highly centralized gubmint at the expense of individual liberty is the working definition of statism.
As a layman not an academic, I would define statism as gubmint which operates for the benefit of those who operate it not those who elected them to represent them.
It is fair to say the “democratization” of Western Civ has been taken over by statism and real self-government is quite rare.
Although since Trump came along, we have been blessed to see what real self-government can achieve.
Before it's over they'll be using their currency to keep warm in the winter. Then, they can congratulate themselves on their humanitarian superiority!
Party like it’s 1933.
History doesn’t repeat, but it rhymes.
Suicide?
Other than debt and tax slavers, who would pretend that the population has to keep increasing, especially in such a dramatic manner as in the last 150 years? The decline in population would be a natural step.
Also, farm those pixies for the dust. Between pixie dust and unicorn farts, there’s nothing you can’t do. . . ;)
Repartition Germany before it starts another war.
Going to be pretty difficult to keep giving all those “migrants” their freebies.
I think the European tariff on American cars start at 10%, and have been in place for a long time.
Entirely driven by bad policy. Gaia Worship, Socialism and Open Borders.
Geesh, and they claim they are “buying” weaponry from the US to send to Ukraine.
And pigs fly.
Ukraine claims they did it.
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