Wednesday, May 13, 2020

Employment in the German chemical sector down 5%

From ICIS, this unpleasant news: 
LONDON (ICIS)--Employment in the German chemicals sector fell 5% in April as a result of the coronavirus pandemic, according to research from the Ifo institute on Monday. 
While the pharmaceutical industry has recorded no job loss due to the pandemic, other markets downstream of the chemicals sector have marked much higher cuts in the same period. 
The services sector marked the largest decline as lockdown measures have prohibited hotels, restaurants and travel agents from operating. 
In the manufacturing sector, 39% of automotive companies have recorded a downturn in employment figures, surpassed by a 48% drop of jobs in leather, leather goods and footwear manufacturers.
Curious to see if these trends continue, and continue globally.  

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