Tag #Industrial Decline

dw.com
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Germany's Economic Crisis: A Looming Election

Germany's economy is facing a severe crisis, with shrinking production, rising unemployment, and businesses relocating abroad due to high energy costs, excessive bureaucracy, and inflexible labor laws; the upcoming election will determine the country's economic future.

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welt.de
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German Electro-Digital Industry Faces 2025 Job Cuts Amidst Production Decline

Germany's electro- and digital industry faces a 2 percent production drop in 2024, with further job cuts anticipated in 2025 due to persistent economic weakness, prompting calls for governmental intervention to address overregulation, high costs, and boost investor confidence.

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56% Bias Score

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lemonde.fr
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ThyssenKrupp Job Cuts Threaten Ruhr Region's Stability

ThyssenKrupp's planned elimination of 11,000 jobs, including 1,000 in Bochum, threatens the economic stability of the Ruhr region and the Social Democratic Party's base, impacting generations of families who have historically relied on the steel industry.

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kathimerini.gr
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2024: Crisis Hits European Industrial Giants

In 2024, European industrial giants like Volkswagen, facing challenges from the shift to electric vehicles and Asian competition, experienced significant setbacks, including plant closures, bankruptcies, and massive layoffs, revealing systemic issues within European industry.

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zeit.de
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Germany Faces Industrial Crisis, Urgent Action Needed

German Labor Minister Hubertus Heil is urging for an active industrial policy to prevent the collapse of entire industries and massive job losses amid a current economic crisis, with Kurzarbeit reaching record levels in September 2024.

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dw.com
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German Economy Faces Deepening Crisis Amidst Mass Job Cuts

Major German companies, including Ford and Volkswagen, are announcing thousands of job cuts, exacerbating a weakening economy and prompting calls for systemic reforms to boost investment and address structural issues.

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52% Bias Score

dw.com
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German Businesses Sound Alarm Over Shrinking Economy

German businesses are demanding lower energy prices, reduced bureaucracy, and more investment incentives to counter the shrinking economy, rising unemployment, and loss of global competitiveness, culminating in a planned January 29th nationwide protest.

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zeit.de
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Baden-Württemberg Industry Faces Structural Crisis Amidst Job Losses and Skills Shortage

Baden-Württemberg's industry faces a structural crisis due to declining demand, high costs, and political instability, resulting in over 10,000 job losses in the metal and electrical sector by November 2024, with further declines expected; a skills shortage is hindering the filling of apprenticeship...

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elpais.com
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Germany's Economic and Political Crisis

Germany faces a deep economic recession affecting its industrial sector, coupled with a political crisis after the collapse of the coalition government, leading to an upcoming snap election on February 23rd amid concerns about rising far-right influence and the ongoing war in Ukraine.

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sueddeutsche.de
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German Economy Faces Deep Crisis Amidst Job Cuts and Production Decline

A recent study reveals a pessimistic outlook for the German economy in 2024 and 2025, with 31 of 49 industry associations reporting worsening conditions, job losses anticipated, and major companies expecting revenue and profit declines; the automotive industry's struggles are highlighted as a key fa...

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welt.de
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German Pessimism Mounts Amidst Industrial Downturn

A YouGov survey reveals that 75% of Germans view the country's economic situation as bad or very bad, fueled by job cuts and plant closures in the industrial sector; pessimism is highest among potential AfD and BSW voters, while Green voters are the least pessimistic.

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lemonde.fr
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French Industry Faces Crisis Amidst Job Losses

The article discusses the challenges facing French industry, citing recent plant closures and job losses in various sectors. It analyzes the causes of this decline, including economic crises and energy prices, and examines the government's limited response.

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40% Bias Score

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