Stagnation Economics Of Europe Provoked Wave Of Dismissal

The complex economic situation, the growing uncertainty against the background of geopolitical tension, the low level of demand and strict competition from China pushes European companies to restructuring, forcing them to suspend the robot or dismiss employees.

The wave of dismissal affected many sectors of the European economy, including financial structures, the field of technology, mechanical engineering, aviation, astronautics, and especially the automotive industry. This trend indicates the aggravation of the problems that world labor faces in the conditions of slowing down the economic growth rate.

In the period from 2008 to 2023, 2.3 million jobs in the field of manufacturing were reduced in the European Union, of which almost a million of them were since 2019. According to forecasts, the actual loss of jobs can reach 4.3 million.

To resolve the employment crisis aggravated by the lack of industrial policy in the EU, trade unions urge the moratorium on compulsory dismissals.

The European Union countries are announced daily on new dismissals in the banking sector, automotive, industry and engineering, in the field of technology, telecommunications, finance and many other sectors.

In March 2025, it became known about the decision of the German industrial concern Siemens AG to reduce about 6 thousand employees around the world.

Obel with Siemens, Audi, Volkswagen, Bosch, Continental, Mercedes -Benz, ThyssenkrupP, BP, DHL, BIONTECH, RENAULT, Commerzbank, Deutsche Bank and Puma among companies that spent it Large -scale dismissals over the past six months.