Wednesday, October 1, 2025
spot_img

India-Germany Partnership: Hope for German Employment Concerns

spot_img
- Advertisement -

Business leaders across Germany have expressed growing pessimism over employment prospects for 2025, according to a recent study by the IW Institute.

The survey, which included 49 employers’ federations, revealed that 25 of them expect a drop in employment levels next year, up from 23 in 2024 and 16 in 2023.

This growing concern comes just two months before an early general election, where Germany’s economic challenges are expected to play a significant role.

German Employment Outlook: Key Sectors Affected

The sectors most affected by this pessimism include chemicals, automobiles, machine production, construction, and metalworking.

These industries are facing high costs for energy, materials, and labor. This situation is compounded by bureaucratic hurdles that make it difficult to remain competitive.

Steelmaker Georgsmarienhuette, for instance, has already announced cost-cutting plans and warned that redundancies might be inevitable.

Germany’s central bank has forecasted a modest GDP growth of just 0.2 percent in 2025, following a 0.2 percent contraction in 2024.

This economic outlook has led to a weakening of the “retention effect.” Businesses previously retained staff despite production drops due to a lack of available labor.

The current general economic outlook is considered worse than it was a year ago. Many industries are struggling to stay afloat.

India-Germany Collaboration

In light of these challenges, India’s Ministry of Labour and Employment has recently collaborated with Germany’s government on a Comprehensive Migration and Mobility Partnership.

This partnership aims to create new employment opportunities.

This partnership, signed in December 2022, facilitates the mobility and employment of skilled workers between the two countries.

It includes provisions such as extended residence permits for students, job seeker visas, and streamlined visa application processes.

Despite the overall pessimism, some sectors remain optimistic about employment prospects in 2025.

Pharmaceuticals, aeronautics, energy, and recycling are among the industries expecting an increase in employment.

These sectors are seen as more resilient and capable of adapting to the current economic challenges.


Note: We are also on WhatsApp, LinkedIn, Google News, and YouTube. To get the latest news updates, subscribe to our channels. WhatsAppClick HereGoogle NewsClick HereYouTubeClick Here, and LinkedIn: Click Here.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

Talent Acquisitions Challenges and Job Trends for 2021

Talent Acquisitions Challenges and Job Trends for 2021 2020 has...

Companies to expand flexible office space portfolio by 2026

CBRE South Asia Pvt. Ltd has announced the findings...

Infosys, Netflix, LinkedIn founders dismiss Work-life Balance- Alagh

Mamaearth co-founder Ghazal Alagh remarked that founders of notable...

Renault Group appoints Neelam Pillai as Head – HR

A French multinational automobile manufacturer, Renault Group has announced the...

IoT & AI-Based Healthcare Internship, Stipend 18000/- Month

AICTE, in collaboration with HCTMM MedTech, has announced a...

Unleashing Employee Potential in the Present Time

Originating from Late Latin potentials, meaning “power” Potential generally...

Accenture to Promote 15,000 Employees in India This June

Global IT services giant Accenture has announced a major...

Leadership Development in a Hybrid Work Model

Leadership Development in a Hybrid Work Model Up until the...

Related Articles

Sahiba Sharma
Sahiba Sharmahttps://sightsinplus.com/
Sahiba Sharma, Senior Editor - Content at SightsIn Plus