Tuesday, December 10, 2024

Massive Layoffs Signal Deepening Crisis in German Industry | DW Business

Dec 10, 2024 | Germany's industrial heavyweights are slashing jobs as the country struggles to escape its economic funk. Volkswagen made headlines when it said it wanted to curb employee pay and cut factories. Now, Ford and steelmaker Thyssenkrupp are saying thousands of jobs in Germany are on the line. How can Europe's top economy dig itself out of this hole?