German industry with fewer employees for the first time since 2010
That was 2.2 percent fewer than in 2019, according to the Federal Statistical Office. The last time there was a decline was in 2010 as a result of the financial market and economic crisis, which led to a minus of 2.4 percent.
Fewer hours workedThe number of hours worked also decreased last year, by 6.9 percent to just under 7.9bn. Remuneration fell by 5.1 percent to €288bn. The export-dependent industry – which suffered from the Corona recession at home and with important trading partners such as the USA, France and Great Britain – can hope for better times this year. With the expected recovery of the global economy, demand for goods "Made in Germany" should also rise.