AGP Executive Report
Last update: 4 hours agoIndustrial Labour: More than 100,000 German workers have struck over pay and job security, while IG Metall’s warning strikes have reached more than 2,000 workplaces. Employers warn that another 300,000 industrial jobs could be at risk. Job Cuts: Auto supplier Schaeffler plans to eliminate about 3,500 jobs and close five European sites; Bosch is cutting 750 jobs in Germany. Google has also extended voluntary exit offers to German employees as it redirects spending towards AI. Skilled Workers: Germany is promoting job opportunities for skilled workers and has introduced a fast-track recruitment process for foreign hires, even as industrial employers warn of mounting losses.
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