Mexican Media Brands
Study: British Brexit Could Cost Germany 100,000 Jobs
As many as 100,000 jobs in Germany—many of them in the automotive sector—would be threatened if the U.K. leaves the European Union without a replacement trade deal.
#economics #labor #workforcedevelopment
Share
As many as 100,000 jobs in Germany—many of them in the automotive sector—would be threatened if the U.K. leaves the European Union without a replacement trade deal.
So says an analysis by Germany’s prestigious Halle Institute for Economic Research. Results were published yesterday by Weld am Sonntag.
The study warns that Germany would be harder hit than other European countries because its economy is the most reliant on exports. Researchers say Wolfsburg, the headquarters of Volkswagen AG, and Dingolfing-Landau, home of BMW’s largest assembly plant, would be hardest hit.
The Halle IWH study estimates that a so-called “hard” Brexit by the U.K. would impact 612,000 worldwide, with 179,000 in the EU.
RELATED CONTENT
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.