German industrial production slumped to its lowest level in June since the pandemic in 2020, data showed Thursday, underlining the fragility of Europe's top economy even before higher US tariffs kicked…
Yeah it’s bad and it’s been bad for a while. I work in a factory with a lot of temporary workers at the moment and they all tell me the same thing. They get booked for a new job, work there for a couple of months and then get fired because production gets relocated East. Sometimes Czechia, sometimes China, anything but Germany. Apparently it’s cheaper to build a new factory and pay the workers the same wage (in the case of Czechia) than to keep things running over here. At least on paper. Of course the last few production steps have to happen here so you can slap a “Made in Germany” sticker on whatever it is so there’s a lot of costly logistics involved too. Idk what it is exactly but it seems like everyone involved except the actual workers is trying their darndest to run German manufacturing into the ground.
Yeah it’s bad and it’s been bad for a while. I work in a factory with a lot of temporary workers at the moment and they all tell me the same thing. They get booked for a new job, work there for a couple of months and then get fired because production gets relocated East. Sometimes Czechia, sometimes China, anything but Germany. Apparently it’s cheaper to build a new factory and pay the workers the same wage (in the case of Czechia) than to keep things running over here. At least on paper. Of course the last few production steps have to happen here so you can slap a “Made in Germany” sticker on whatever it is so there’s a lot of costly logistics involved too. Idk what it is exactly but it seems like everyone involved except the actual workers is trying their darndest to run German manufacturing into the ground.