Massive job cuts in the German automotive and supplier industry

A job massacre is unfolding in the German automotive and supplier industry. Jobs are being cut continuously, more and more every week. While economic experts and stock market analysts are sounding the alarm and worrying about the dividends of their rich customers, the IG Metall union remains silent and is enforcing the attacks on the ground.

The large corporations had begun to use the switch to electric vehicles to further reduce costs—i.e., maximise…