• tal@lemmy.today
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    19 days ago

    From past reading of articles about how German carmakers are shedding jobs, I doubt it. This article says that they aren’t doing very well:

    Carmakers revenue fell 1.2% and operating profit dropped 12%. BMW suffered the steepest decline, with EBIT down 39%, while Volkswagen and Daimler Truck each recorded a 9% drop.

    I’ve seen several news stories about them doing layoffs. The industries that this article says are growing are:

    Pharmaceutical and agrochemicals group Bayer and property company Vonovia recorded the strongest profit growth…defence, artificial intelligence and data centres, as well as banks and insurers…Chemical companies also benefited

    • B0rax@feddit.org
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      19 days ago

      Vonovia should be prohibited from making profits. All the earnings is directly payed by rent

    • tardigrade@scribe.disroot.org
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      19 days ago

      Wait until you hear how German carmakers’ competitors from China treat their workers in a mix of exploiting a 996 work culture and slavery. It’s just not reported.