Thyssenkrupp and Ford Face Backlash Over Massive Job Cuts
German industry grapples with structural challenges as major companies announce sweeping layoffs and closures.
- Thyssenkrupp plans to cut 11,000 jobs, with 5,000 positions eliminated and 6,000 outsourced, sparking outrage among workers and unions.
- Ford Germany announces the reduction of 2,900 jobs in Cologne by 2027, representing a quarter of its workforce at the site.
- Unions, including IG Metall, have strongly criticized the lack of clear future strategies and are demanding the withdrawal of job cuts and closures.
- The industrial layoffs highlight broader structural issues in Germany, including declining competitiveness, high energy costs, and struggles in transitioning to new technologies.
- Experts and industry leaders call for state intervention, investment in innovation, and measures to prevent further deindustrialization.
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