Germany’s Automotive Sector Faces Massive Job Losses by 2035

Germany: 225,000 automotive jobs are expected to be laid off by 2035 as the German Association of the Automotive Industry (VDA) has issued a warning about the impending job cuts. The shift towards electric vehicles and a fierce competitiveness crisis are the main driving forces behind this development, which is affecting the automotive industry in Germany and across Europe. According to Yemen News Agency, VDA President Hildegard Mller revealed that, based on current assessments, 225,000 jobs will disappear by 2035. In a statement published on Wednesday, Mller indicated that the job losses are a continuation of a trend, with approximately 100,000 positions already eliminated between 2019 and 2025. Initially, the association estimated a total loss of 190,000 jobs over the period from 2019 to 2035. Mller pointed out that suppliers will bear the brunt of these losses as the industry transitions from combustion engines to electric mobility. This shift is causing significant disruptions within the supply chain, l eading to reduced employment opportunities. She further attributed the bleak job market forecast to a "serious and ongoing competitive crisis" affecting Germany and Europe. Mller highlighted escalating taxes and fees, increasing energy costs, high labor expenses, and excessive bureaucracy as primary challenges that are exacerbating the situation for the automotive industry.