German Machinery Sector Expects Minimal Job Cuts Despite Economic Challenges
Industry leaders emphasize efforts to retain core staff as they prepare for potential recovery in a tough economic climate.
- The German machinery industry anticipates only slight job reductions in 2025 despite increasing economic pressures.
- Bertram Kawlath, president of the VDMA, highlighted the importance of retaining core workforces to support future growth.
- Most companies in the sector, primarily small to medium-sized enterprises, are prioritizing stability for their employees.
- The industry remains confident about its competitive position, even in light of U.S. trade policy challenges under President Donald Trump.
- German machinery manufacturers believe their unique products will maintain demand, even as Trump pushes for more domestic U.S. investments.