AGP Executive Report
Last update: an hour agoIndustrial Pay Dispute: IG Metall has called a 24-hour strike in a wage dispute affecting 3.7 million workers, including employees at Audi and Mercedes-Benz. The union wants a 5% pay rise and safeguards for jobs and production sites; employers have offered smaller increases starting in 2027. Job Prospects: Unemployment among German university graduates has reached a record, while a separate industry survey warns that nearly one-third of German firms plan workforce cuts in 2027. AI and Work: Germany’s labour agency chief expects AI to eliminate 800,000 jobs over 15 years, with a similar number created. Offshore Wind: Siemens Gamesa’s CEO and Lower Saxony’s premier warn that nearly half of the sector’s 49,000 German jobs could disappear within four years.
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