THE LEX COLUMN: Electrification hammers German car workers

A jobs massacre looms as Germany loses its grip in a car industry value chain undergoing a revolutionThunk. Monday brought a shock warning that hundreds of thousands of Germans could lose jobs in the car industry over the next decade. On Tuesday another door slammed with news that more than 2,000 jobs are set to go at Opel. The group’s decision to cut staff in Germany comes soon after owner PSA agreed to a merger with Fiat Chrysler.

The country is set to lose its grip on the most lucrative links in the car industry value chain.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

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