German defense firms, led by Airbus, plan to develop their own 6th generation fighter jet, "Team Gen 6," after the Franco-German FCAS project failed due to disputes with Dassault. The initiative seeks government backing and potential collaboration with Sweden's Saab.
German industry has lost 340,000 jobs since 2019, a six percent decrease, according to an EY report cited by RIA Novosti. The automotive sector was hit hardest, losing every seventh job, while chemical-pharmaceutical and electrical industries saw growth.
German industry experienced a 1.7% revenue increase in Q1 2026, driven by the metal sector, marking the first growth after ten quarters of decline. However, employment fell by 2.3%, with the automotive industry losing the most jobs.
German industrial employment fell by 2.3% in Q1, losing 127,300 jobs, primarily in the auto and metal sectors. Despite this, overall industry revenue rose 1.7% due to strong performance in the metal sector, with exports surging 28%. Experts predict further job cuts despite government support measures.
German industry revenue grew 1.7% in Q1, the first increase since mid-2023, but 127,300 jobs were lost, with the automotive and mechanical engineering sectors hit hardest. High costs and competition remain challenges.
German industrial companies cut 127,300 jobs in Q1 2026, a 2.3% decrease year-on-year, despite a 1.7% sales increase. Since 2019, 341,500 industrial jobs have been lost.
German industry experienced its first sales increase in three years in Q1 2026, growing 1.7% to €531 billion. However, job losses persist, with 127,300 positions cut year-on-year, particularly in the automotive and mechanical engineering sectors. High energy and labor costs, competition from China, and US tariffs remain challenges.
German industry's revenue increased by 1.7% in Q1 2026, the first rise in a year, driven by the metal sector. However, employment fell by 2.3%, with the automotive industry losing the most jobs.
A Brussels thinktank warns Germany risks deindustrialisation similar to the US in 2001 due to China's growing trade surplus. The CER report highlights a $25bn deficit and Beijing's targeted policies against German industry.
German industry's order books reached a record high in March, with a 1.6% monthly increase in open orders. Despite this, economists like Alexander Krüger anticipate a gradual decline in employment due to high energy prices, supply chain issues, and pressure on profit margins.
