Then there’s “very critical.”
Then there’s Germany critical.
Merz issues business SOS in letter to allies – Chancellor Merz has told coalition politicians the situation in several key German businesses is “very critical.” He said the government must prioritize improving areas like energy and labor costs in 2026.
That means job cuts.
German business groups expect job cuts in 2026 as economic crisis drags on – A majority of German business associations expect job cuts in 2026 as the country’s economic crisis persists, with industry hit hardest by global protectionism and weak exports, a survey by the German Economic Institute IW showed on Monday.
Of 46 business associations surveyed, 22 anticipate workforce reductions next year. Only nine expect to increase hiring and 15 foresee stable employment levels.
That means bankruptcy.
German business bankruptcies hit decade high amid downturn – Business bankruptcies have climbed to an 11-year high, with small firms hardest hit by Germany’s anemic growth. Economists warn of job losses but see tentative signs that the insolvency wave may be leveling off.
Don’t worry, in other words. Once everybody has gone bankrupt the bankruptcies will stop.
Then a second, then a third…
Volkswagen shutters a German plant for first time ever as Trump tariffs squeeze car giant – Volkswagen is ending vehicle production at its Dresden factory — the first time in the automaker’s 88-year history that it has closed a plant in its home country — as weakening demand and punishing US tariffs squeeze the German car giant.
The last vehicle rolled off the line Tuesday at the Dresden site, known as the “Transparent Factory” because of its glass-walled design, capping 24 years of production that began in 2001.
And voluntarily killing their number one industry in the process.
That’s why.
Why Germany’s auto capitals face financial crisis – The crisis in Germany’s revered car industry is taking a toll on its wealthiest regions — and hitting the pocketbooks of residents.
Forget that one, right? Get a job with a German armaments firm instead.
That’s the only industry booming over here at the moment.
German Shipbuilder TKMS Reports Rise in Sales, Earnings Fueled by Europe’s Defense Spending – Results are first since spinning off from Thyssenkrupp and its Frankfurt IPO.
That means free fall.
The Federation of German Industries (BDI) believes that Germany’s economy is in “free fall.” German industry is currently facing a dramatic low point, BDI President Peter Leibinger told the news agency dpa. “The economy is in its worst crisis since the Federal Republic was founded, but the federal government is not responding decisively enough.”
A new industry report expects industrial production to decline by two percent this year. This would be the fourth consecutive year of decline. “This is not a temporary dip, but a structural decline,” Leibinger said. German industry is continuously losing ground.
My government is going to strangle the German car industry slowly, with great care.
And Pleasure.
Germany: Merz pledges to resist 2035 EU electric car switch – Chancellor Friedrich Merz said he would oppose the “hard cutoff” currently planned by the EU, aiming to stop registering new internal combustion engine cars by 2035. The goal was already under review and looking fragile.
To put it nicely.
German industrial output posts biggest decline in more than three years – German industrial output fell much further than expected in August, pushed down by a sharp decrease in car production as frontloaded demand ahead of U.S. tariffs dried up.
Industrial production fell by 4.3% compared with the previous month, the federal statistics office said on Wednesday, the biggest fall since March 2022, just after Russia’s invasion of Ukraine. Analysts polled by Reuters had predicted a 1.0% fall.
Progress marches on.
Industrial giant Bosch shocks Germany with plans to cut 13,000 jobs – The Bosch group, one of Germany’s leading industrial players, has announced a far-reaching job cut programme. On 25 September the company said it would cut an additional 13,000 positions by 2030.
Germany’s Lufthansa To Cut 4,000 Jobs By 2030, Targetting Admin – Lufthansa set new financial targets for 2028-2030, including an adjusted operating margin of eight to 10 percent.
Observing Hermann 