In a stark warning issued by "Automobilwoche," the German auto supply chain stares into the abyss. Predictions suggest a looming exodus of jobs, with one in four positions at risk in the near future. Presently, the sector boasts a workforce of nearly 270,000 individuals, but this stability hangs precariously in the balance.
Frank Schwope, an authority in Automotive Economics at the Fachhochschule des Mittelstands Hannover, amplifies the urgency of the situation. "The workforce is poised to diminish further, catalyzed by the relentless march towards electric mobility," he cautioned in an interview with the publication. Looking ahead to 2030, Schwope paints a grim picture, envisioning a mere 200,000 employees remaining in German supply chains.