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180,000 German automotive jobs could be gone within four years


180,000 German automotive jobs could be gone within four years
Researchers at the Ifo Institute have examined the effects of the e-mobility revolution on employment in the industry.
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Berliner ZeitungAround 613,000 jobs in Germany depend on the production of gasoline and diesel cars.
Berlin - The math is pretty simple: a conventional car with a gasoline or diesel motor consists of around 1,400 parts. An electric car, on the other hand, only has about 200. This number makes crystal clear the impact of the transition to e-mobility will have on the labour market in the very near future.
At the Berlin Daimler plant in Marienfelde, for example, camshafts, control components and even complete six-cylinder engines roll off the production line. Approximately 2,500 people work there. A number of smaller firms in Berlin supply car plants in Germany and around the world. ....

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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. ....

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Demand for German goods keeps factories humming through lockdown


By Reuters Staff
3 Min Read
BERLIN (Reuters) - Business morale in Germany is higher this month than it has been in almost two years, as rising demand for manufactured goods keeps factories in Europe’s largest economy humming despite the pandemic and lockdown restrictions, a survey showed on Friday.
FILE PHOTO: Workers assemble campers at Knaus-Tabbert AG factory in Jandelsbrunn near Passau, Germany, March 16, 2021. REUTERS/Andreas Gebert
The Ifo institute said its business climate index shot up to 96.6, the highest reading since June 2019, from an upwardly revised 92.7 in February. A Reuters poll of analysts had pointed to a March reading of 93.2. ....

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