German car industry transformation could cost 186,000 jobs by 2035, study finds
BERLIN (Reuters) – The transformation of the German car industry could lead to 186,000 jobs losses by 2035, of which roughly a quarter have already occurred, a study commissioned by the VDA auto industry association released on Tuesday showed.
The 46,000 jobs already lost between 2019 and 2023 were due mainly to the transition to electric vehicles, according to the study conducted by research institute Prognos.
In its report, the VDA points to the loss of competitiveness in Germany due to the high price of electricity, tax rates and increasing red tape.
Volkswagen is threatening to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its remaining plants, according to the company’s works council.
“The fact is that we need a competitive location with the right political framework conditions so that as much added value and employment as possible remains in Germany and new jobs are also created,” VDA said in the report.
(Reporting by Christina Amann, Writing by Friederike Heine, Editing by Rachel More)
Related
Report projects steady jobs growth for Fairbanks, with one exception
Across the board, Fairbanks jobs should grow 1.3% in 2025, according to the issue of Alaska Economic Trends released Th
China’s young workers – overqualified and in low-paying jobs
BBC/Rachel YuSun Zhan, 25, graduated in finance. He now works as a hotpot waiter in Nanjing, in eastern ChinaChina is now a country where a high-school handyman
New $85M Chula Vista Film Studio to Bring Hollywood Jobs…
Filmmaker Aaron David Roberts’ lifelong dream has been to set up movie studios in his hometown of San Diego. Now, that dream seems to be ready for lights
Fewer men in rural Wisconsin participating in the workforce, citing…
Men are dropping out of the workforce at alarming rates in part because of feeling a loss of dignity in traditional jobs, according to new studies. A study
