German Industrial Sector Faces Critical Challenges Amid Economic and Climate Pressures

Union leaders warn of declining investment, job losses, and the need for urgent modernization to secure the future of Germany's industrial base.

A survey of 4,500 members of the IGBCE union reveals widespread pessimism about the future of Germany's industrial sector, with nearly 80% expecting its global competitiveness to decline within five years.
Union leader Michael Vassiliadis describes the situation as 'dramatic,' citing investment outflows, cost pressures, and capacity reductions as major threats to jobs and economic stability.
Over two-thirds of respondents doubt that Germany can achieve both climate-friendly transformation and industrial modernization within the next five years.
The IGBCE is calling for a comprehensive investment and modernization strategy, including a cross-party agreement to reform Germany's debt brake to fund necessary changes.
Union leaders emphasize the importance of addressing social equity in the transition process to prevent societal divisions and potential conflicts.