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German construction industry announces 10,000 job cuts after union cancels strike

Barely a week after the IG BAU construction union called off its strikes and agreed a wage settlement, construction companies have announced 10,000 job cuts.

Nicole simonsRobert feigerSpie gmbUlrike lauxKlaus wiesehFederation of the german construction industryIndustrial union for constructionCentral association of the german construction industryBargaining commissionBuilding ministryIndustrial unionGerman construction industryFederal collective bargaining commissionCentral associationBuilding minister klara geywitzSocial democrat

Nationwide construction strike begins in Germany

The strike is the first in the sector for 17 years and the first nationwide strike for 22 years.

Schleswig holsteinBaden wübergLower saxonyUlrike lauxThorsten schultenRobert feigerKlaus wiesehCarsten burckhardtRainer schlegelNicole simonsGerman construction industry federationMinistry of housingFederation of the german construction industryIndustrial union for constructionCentral association of the german construction industryIndustrial union

Anticipated Loss of 10,000 Jobs in German Construction Industry

Anticipated Loss of 10,000 Jobs in German Construction Industry
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Jeffrey robbIfo instituteCentral association of the german construction industryGerman press agencyDz bankGerman pressProlonged construction jobEmployment outlookCentral associationGerman construction industry

Anticipated Loss of 10,000 Jobs in German Construction Industry

Jeffrey robbCentral association of the german construction industryIfo instituteGerman press agencyDz bankGerman pressProlonged construction jobEmployment outlookCentral associationGerman construction industry

Ifo index fell: German economy is stuck in recession

Ifo index fell: German economy is stuck in recession. Business climate deteriorated in retail, with the index falling to its lowest value since October 2022. Both the current situation and expectations were more pessimistic. Construction industry is a “problem child” There is also a bad mood in the construction industry. Inflation and high financing costs are hitting potential house builders particularly hard. A ray of hope is that in the final stages of the 2024 budget planning, additional funding was apparently allocated for the construction of multi-family houses.

Clemens fuestFelix pakleppaStatistical officeIfo instituteCentral association of the german construction industryIfo president clemens fuestFederal statistical officeCentral associationGerman construction industry