Economy: Dax companies make record deals – and cut jobs
In the second quarter, the auto companies recorded a decline in sales of 1.2 percent and an operating profit decline of 12 percent.
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Summary
In the second quarter, the auto companies recorded a decline in sales of 1.2 percent and an operating profit decline of 12 percent. Twenty-one out of 37 companies that provide employment data built jobs, and 16 cut them. This is more than ever in a second quarter and ten percent more than the previous high of 2024 - despite Iran war and customs dispute with the USA.
Furthermore, There is still a considerable need for restructuring here “and we will see a further decline in employment”. On June 1, the Dax companies employed around 3.49 million people – 1.2 percent or 41,000 less than a year earlier. In addition, banks and insurance companies recently recorded record profits. “In many classic industrial groups, especially in the automotive industry, there is no sign of a reversal of the trend,” writes EY in the study, for which quarterly figures and press releases were analyzed.
In addition, The crisis in the automotive industry is not over, says Jan Brorhilker, Managing Partner at EY.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
In the second quarter, the auto companies recorded a decline in sales of 1.2 percent and an operating profit decline of 12 percent.
reliability low1/2 sourcesTwenty-one out of 37 companies that provide employment data built jobs, and 16 cut them.
reliability low1/2 sourcesThis is more than ever in a second quarter and ten percent more than the previous high of 2024 - despite Iran war and customs dispute with the USA.
reliability low1/2 sourcesThere is still a considerable need for restructuring here “and we will see a further decline in employment”.
reliability low1/2 sourcesOn June 1, the Dax companies employed around 3.49 million people – 1.2 percent or 41,000 less than a year earlier.
reliability low1/2 sourcesIn addition, banks and insurance companies recently recorded record profits. “In many classic industrial groups, especially in the automotive industry, there is no sign of a reversal of the trend,” writes EY in the study, for which quarterly figures and press releases were analyzed.
reliability low1/2 sourcesThe crisis in the automotive industry is not over, says Jan Brorhilker, Managing Partner at EY.
reliability low1/2 sources
Disputedincompatible versions — to verify
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