German car industry to slash more jobs in 2020 – VDA

Euronews | Dec 4, 2019 at 1:34 PM
  • Germany’s main automobile industry body said on Wednesday it expects global car sales to fall by 5% this year, the steepest drop since the financial crisis, and warned of more job cuts in 2020 as a result.
  • In 2018, employment in the car industry in Germany reached 834,000, its highest level since 1991.
  • VDA expects car sales in Germany to fall by 4% to 3.43 million in 2020 and to drop by 2% to 15.3 million in Europe.
More sources
  • German car industry expects more job cuts in 2020 (Reuters: Dec 4, 2019 at 1:17 PM)