German Unemployment Set to Hit 3 Million Amidst Industrial Crisis
Germany's unemployment is surging, projected to hit 3 million by mid-year due to an industrial crisis, job cuts in the automotive sector, and a skills gap, masking the true extent of job losses with increased early retirement and Kurzarbeit schemes.
German Unemployment Set to Hit 3 Million Amidst Industrial Crisis
Germany's unemployment is surging, projected to hit 3 million by mid-year due to an industrial crisis, job cuts in the automotive sector, and a skills gap, masking the true extent of job losses with increased early retirement and Kurzarbeit schemes.
Progress
48% Bias Score
"Germany's Economy Faces Recession Amidst Industrial Crisis and Political Uncertainty"
"Germany's leading economic institutes predict a 0.1-0.2% GDP contraction in 2024, primarily due to industrial weakness caused by rising costs, global competition, and political instability following the November 2023 collapse of the governing coalition; growth in 2025 is projected to be weak at bes...
"Germany's Economy Faces Recession Amidst Industrial Crisis and Political Uncertainty"
"Germany's leading economic institutes predict a 0.1-0.2% GDP contraction in 2024, primarily due to industrial weakness caused by rising costs, global competition, and political instability following the November 2023 collapse of the governing coalition; growth in 2025 is projected to be weak at bes...
Progress
40% Bias Score
France Faces More Industrial Closures, Minister Calls for European Action
French Industry Minister Marc Ferracci predicts more industrial site closures, impacting thousands of jobs, and calls for a European-level response to support the struggling automotive sector.
France Faces More Industrial Closures, Minister Calls for European Action
French Industry Minister Marc Ferracci predicts more industrial site closures, impacting thousands of jobs, and calls for a European-level response to support the struggling automotive sector.
Progress
0% Bias Score
Germany Extends Short-Time Work Program to 24 Months
Germany extends its short-time work program to 24 months until the end of 2025 to help businesses in struggling industries, such as automotive, machinery, steel and chemicals, to avoid mass layoffs, saving an estimated 2.2 million jobs during the Covid-19 pandemic.
Germany Extends Short-Time Work Program to 24 Months
Germany extends its short-time work program to 24 months until the end of 2025 to help businesses in struggling industries, such as automotive, machinery, steel and chemicals, to avoid mass layoffs, saving an estimated 2.2 million jobs during the Covid-19 pandemic.
Progress
48% Bias Score
French Job Losses and European Industrial Crisis
Mass job losses hit France and Europe, impacting various sectors due to global competition and economic shifts. The automotive industry is particularly affected, prompting calls for European-level solutions.
French Job Losses and European Industrial Crisis
Mass job losses hit France and Europe, impacting various sectors due to global competition and economic shifts. The automotive industry is particularly affected, prompting calls for European-level solutions.
Progress
0% Bias Score