German industry: reactions and concerns | Made in Germany
How the auto industry make Germany in 2009 by the reports of the most important business groups, car sales in the automotive industry in Germany in 2009 will be worst since 1990 because of the global financial crisis industry Consumers automobile in Germany were affected by the economic phenomenon of economic growth in Germany came to a grinding halt these factors are expected to lead to decline in car sales in the German automotive industry.
Possible car registrations in 2009 Association of the automotive industry in Germany has planned that in 2009 the number of new registrations of new cars would be in the region 2 9 million is significantly less than 2008, when March 1 million registrations cars were projected.
Downslide Causes Matthias Wismann, who is president of the German Association of the Automotive Industry said there was a decrease in projected that the pace of sales in the automotive industry in Germany fell to a significant extent from cars smaller are sold and all these have found a way to reduce the growth prospects of Germany automotive industry.
Employment scenario According to available reports, the employment situation in the automobile industry in Germany is quite critical of the end of September 2008 1.850 base personnel were released by various automobile institutions in 8000 10 000 part-time employees were dismissed during this period as well.
A number of car manufacturers in Germany have tried hard not to sack their employees, but adopt certain measures Such measures would help to achieve a situation where their employees and productivity are not compromised They disappear overtime in addition to lower number of working hours.
Ferdinand Dudenhoffer, a major analyst of the automotive industry in Germany, noted that there is a possibility that in 2009, 100,000 people could lose their jobs in the automotive industry in Germany automotive facilities in Germany 80,000 temporary workers were sacked, and more than 20,000 regular employees.
Impact of global financial crisis of global financial crisis has had a negative impact on car manufacturers and suppliers Germany A number of automobile companies internationally well known in Germany were forced to lower production levels and this list includes BMW and Volkswagen After third year fiscal quarter 2008, sales of major carmakers Porsche and Daimler AG have fallen and demand for their cars also declined.
Dr Steinbock is an internationally recognized expert in the multipolar world It focuses on international affairs, international relations, investment and the risk of any major advanced economies and large emerging economies addition to consulting, he is affiliated with Institute of India in China and America, USA, Shanghai institutes for international studies, China and Singapore EU Center for more, please see research Director of the Institute of international Affairs India China and the United States America and visiting scholar at Shanghai international studies Institutes in China and the European Center of Singapore.
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