German Metal and Electronics Industry Faces Massive Job Losses

Up to 300,000 positions could be eliminated over the next five years amid a structural crisis.

Stefan Wolf, President of Gesamtmetall, warns of significant job cuts in Germany's largest industrial sector.
The industry is predicted to lose between 250,000 and 300,000 jobs as baby boomers retire.
Despite job reductions, companies face a labor shortage, necessitating increased workload for remaining employees.
Tariff negotiations are underway, with potential strikes expected at the end of October.
Wolf calls for economic reforms, citing high energy costs, taxes, and bureaucracy as critical issues.