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Green Switch To Electric Cars Could Cost Germany 100,000 Jobs

by Tyler Durden Friday, May 07, 2021 - 04:15 AM As the green energy transition gains momentum, the broader transformation of the transport sector to electric vehicles will have profound changes in the automobile industry in Germany. For instance, more than 100,000 jobs in combustion engine production could be at risk, according to Munich-based Ifo Institute for Economic Research. Ifo released a report Thursday showing that more than 100,000 jobs in combustion engine production could be lost by 2025 if companies fail to reskill workers. The transition to electromobility is a major challenge, especially for automotive suppliers, where medium-sized companies are dominant. It s important to maintain highly skilled jobs in the remaining production of combustion engines and in electric vehicles without putting the brakes on structural change, said Ifo President Clemens Fuest.

Clemens fuestIfo institute for economic researchIfo instituteIfo president clemensஇபோ நிறுவனம் க்கு பொருளாதார ஆராய்ச்சிஇபோ நிறுவனம்இபோ ப்ரெஸிடெஂட் கிளெமென்ஸ்

Investments needed to save jobs in German EV shift, IG Metall union says

Investments needed to save jobs in German EV shift, IG Metall union says Tens of thousands of combustion engine jobs said to be at risk Reuters Print A 1.5-liter EA211 TSI evo gasoline engine is built at VW s Salzgitter plant in Germany. Combustion engine production is more labor intensive than producing electric drivetrains, which have fewer components. FRANKFURT Germany s car industry is facing an employment fiasco unless it gets badly needed investment in new technologies, especially batteries, the country s top labor leader said. The warning came after a survey by the Ifo institute showed that the transition to electric vehicles could cost the industry some 100,000 jobs in combustion engine production by 2025 if companies fail to increase efforts to reskill workers.

Clemens fuestIfo institute for economic researchPresident clemens fuestIfo instituteEconomic researchஇபோ நிறுவனம் க்கு பொருளாதார ஆராய்ச்சிஇபோ நிறுவனம்பொருளாதார ஆராய்ச்சி

The Oil Comeback Trade Is Pausing

The Oil Comeback Trade Is Pausing
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Saudi arabiaAt ta mimPhil flynnAntony blinkenClemens fuestIfo institute for economic researchFutures groupWill iranState antony blinkenMunich based ifo instituteIfo president clemensசவுதி அரேபியாஇல் தா மிம்பில் ஃப்லிந்இபோ நிறுவனம் க்கு பொருளாதார ஆராய்ச்சிஎதிர்காலங்கள் குழு

Ifo-Institut: Deutsche Industrie will Produktion steigern

Ifo-Institut: Deutsche Industrie will Produktion steigern
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Ifo institute for economic researchIfo instituteGerman industry productionGerman industryEconomic researchJohn pointsCrisis yearProduction increasesElectrical industryAutomotive industryHer productionAuto industryComponent suppliersMechanical engineeringProduction plansClothing industry

Investments needed to save jobs in EV shift, IG Metall union says

Investments needed to save jobs in EV shift, IG Metall union says
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Clemens fuestIfo institute for economic researchPresident clemens fuestIfo instituteEconomic researchஇபோ நிறுவனம் க்கு பொருளாதார ஆராய்ச்சிஇபோ நிறுவனம்பொருளாதார ஆராய்ச்சி