Il produttore di acciaio ThyssenKrupp taglierà 11.000 posti di lavoro in Germania

That sucks, specially when because (probably) refused the Fincantieri’s offert to buy ThysselKrupp Marine some weeks ago which maybe could have saved those jobs

This feels so depressing. I mean more than usual.

Hmm… if you add up Volkswagen, Ford, Mercedes, and now this… It seems to me that we are not just on the verge of a recession. We are expecting a catastrophe.

tallying up all these recent layoffs, we could see German unemployment double.

The EU showing solidarity and saving the expected to be worst performing EU economy in 2025 and onwards could have been possible for low hundred billion two years ago. Now its still possible with a few hundred billion in free bailout cash.

Or you guys can pretend the EU instead tightening the EU net contribution thumbscrews even tighter is perfectly fine.

It will just cost you guys a trillion later – or let central Europe descend back into instability and war. But hey, you guys having 3% growth instead of 2% right now via net EU funds transfer really is worth more than the EU still existing!

Many, if not most, of the cuts are cuts from direct hiring by automakers, then they resort to temporary workers thru agencies, some former employees that will do the training, and the majority is cheap labour done by immigrants, Europeans and foreign that are used to bring down the wages.

Welcome Germany to your own corporate practices in other European countries, for about 20 years already.

Cannot wait to see German redditors in this sub be like “ we have seen worse. Everything will be okay 😂😂”