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
-
CEO Barra Steps into GM-UAW Talks
General Motors Co. CEO Mary Barra met secretly with United Auto Workers union leaders yesterday afternoon, according to the New York Post, which first reported the event.
-
VW Workers Again Reject UAW at Tennessee Plant
Hourly workers at Volkswagen AG’s assembly plant in Chattanooga, Tenn., have again voted against having the United Auto Workers union represent them.
-
UPDATE: UAW, GM Reach Tentative Labor Deal
General Motors Co. and the United Auto Workers union have reached a possible deal on a new four-year labor contract covering some 48,000 of the union’s hourly workers in the U.S.