German Metal Employers Warn of 300,000 Job Cuts by 2029 Amid Wage Dispute

Gesamtmetall, the German metal and electrical industry employers' association, warns that ongoing warning strikes over wages could lead to 300,000 job cuts by 2029, exceeding earlier estimates. The claim is a projection tied to labor cost pressures, not a confirmed plan, and signals rising industrial cost concerns in Germany. This could weigh on German growth sentiment and labor market expectations.

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