The crisis in the European automotive industry caused many ‘casualties’, including Murdter Group, Recaro and AE Group.

Bosch also said it wants to get rid of 7000 employees and reduce wages and hours in the company’s automotive division.

Germany is the country most affected by the crisis, and now the German trade association Clepa has compiled a list of how many jobs have disappeared in the European automotive industry in recent years.

The company’s analysis shows that since 2020, 86 jobs have disappeared and 30 new jobs have been created.

Thus, 56 thousand jobs disappeared forever and only in the first part of 2024, 32 thousand jobs were announced to be cut in various companies. These are figures that exceed the worst time during the pandemic, writes Wirtschaftswoche.

Of the new jobs created since 2020, 19 thousand are related to electric cars. The job losses don’t seem to stop there as it’s becoming increasingly clear that Audi’s electric car factory in Brussels is most likely to close.

More than 3000 employees will lose their jobs because no one wants to buy the factory and Audi does not have a new car model to produce at that factory. /Telegraph/