Germany Expects To Lose 100,000 Automotive Jobs Due To Coronavirus

Approximately 100,000 automotive jobs in Germany are thought to be at risk due to the coronavirus and its impact on the industry, Welt reports.

Demand for vehicles in Germany is falling as the country has been hit especially bad by the Covid-19 pandemic and, according to automotive market expert Ferdinand Dudenhöffer, production capacity in the country could be far too large, potentially resulting in an overcapacity of 1.3 million vehicles.

MDarringer - 3/30/2020 10:20:11 AM

-4 Boost

Talk about illogical article! The coronavirus didn't cause the overcapacity. Being kneeling suck boys to the unions is what got them there.

malba2367 - 3/31/2020 5:19:01 PM

+1 Boost

This is going to force people to put more money aside in a rainy day fund. People will put offf big purchases such as vehicles, and hold onto serviceable vehicles longer rather than upgrading. It will be a couple years before people forget and move on to old habits.

MDarringer - 3/31/2020 7:27:06 PM

+1 Boost

For a few nanoseconds it will. Three months from now they will be back to their old ways.