• Monday, February 18, 2019

Hard Brexit threatens 100K German jobs

Discussion in 'Europe & Russia' started by Jyotish Kailashkumar, Feb 12, 2019 at 4:03 AM.

  1. Jyotish Kailashkumar

    Jyotish Kailashkumar FULL MEMBER

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    Hard Brexit threatens 100K German jobs: Study

    Workers in Germany’s car industry would be at particular risk, according to academics.

    BJARKE SMITH-MEYER

    2/10/19

    Germany stands to be the hardest hit member of the EU if the U.K. crashes out of the bloc without a deal, Welt am Sonntag reported today.

    The newspaper cited a study by economists at the Halle Institute for Economic Research (IWH) and the Martin Luther University of Halle-Wittenberg, which claims a hard Brexit could put 100,000 German jobs on the line.

    Workers in Germany’s car industry would be at particular risk in the regions of Wolfsburg and lower Bavaria, where Volkswagen and BMW have factories.

    "In no other state is the effect on total employment as great as Germany, which affects around 100,000 people," said Oliver Holtemöller, co-author of the study. "The employment effects of a hard Brexit would be noticeable above all at the automobile locations."

    France is the next country in line to feel the heaviest effects of a hard Brexit, with 50,000 jobs under threat, according to the study.

    The study estimates that over 600,000 people worldwide could feel the effects of Britain’s exit without a divorce deal in place. Of these, 179,000 jobs are based in the EU and 433,000 outside of the bloc.

    https://www.politico.eu/article/study-hard-brexit-threatens-100000-german-jobs/
     
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