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EY: German Industry Sheds 245,000 Jobs as Exports Slide and Auto Cuts Deepen

EY attributes the slide to weaker foreign demand, new U.S. tariffs, deep auto sector restructuring.

Overview

  • Germany’s industrial workforce fell 2.1% in Q2 2025 to 5.43 million, with nearly 245,500 jobs lost since 2019, EY’s analysis of official data shows.
  • Sector revenues totaled over €533 billion in Q2, down 2.1% year over year after a marginal decline in Q1.
  • Car manufacturing recorded the steepest job drop, down 6.7% year over year in Q2, equal to about 51,500 positions over 12 months.
  • Cumulative autos cuts since 2019 have reached roughly 112,000 jobs as firms grapple with competition from Asia and the costly shift to EVs.
  • Exports of industrial goods fell sharply in Q2, with shipments to the United States down about 10% and to China down 14%, and EY warns further job reductions are likely.