• Germany edition
 
Hundreds of great job opportunities for foreign professionals at Germany's top employers - in cooperation with Monster, Experteer, Stepstone, and CareerBuilder.
What
Where
2,965
jobs available
Find English-speaking professionals with The Local.
Advertise a vacancy
Eurozone crisis could destroy export jobs
Photo: DPA

Eurozone crisis could destroy export jobs

Published: 16 Dec 2011 15:23 CET

The study by the Prognos consulting company said about 4.4 million jobs depend on exports of products like cars or business services to European Union countries.

Just over three million of those are connected to eurozone states, while one million of those jobs rely on exports to economically suffering countries like Portugal, Greece, and Spain, the report said. Nearly ten million Germans have jobs that are directly or indirectly dependent on exports.

That means a serious escalation of the financial crisis could lead to severe job losses in Germany if the European export market dries up, the report said.

Despite the dire warning, however, experts said workers shouldn’t panic.

“We are still cautiously optimistic,” said the Federation of German Wholesale, Foreign Trade and Services (BGA) in a statement.

The organization, which represents German exporters, said it anticipated a slowdown in growth but expected the export market to remain strong. Jobs are not yet in danger, it said.

Although European trade still accounts for 60 percent of its exports, Germany may also be helped because businesses are starting to send more products to emerging economies like India and China.

“This somewhat reduces the dependence on Europe,” the BGA said.

The Local/DPA/mdm

The Local (news@thelocal.de)


Don't miss...X
Left Right

Your comments about this article:

The comments below have not been moderated in advance and are not produced by The Local unless clearly stated. Readers are responsible for the content of their own comments. Comments that breach our terms and conditions will be removed.

ADD YOUR COMMENT   (YOU MUST LOG IN OR REGISTER TO MAKE A COMMENT)
Your German Career
What do German bosses need to do to get more out of their staff? Frankfurt-based business consultant Justin Bariso has this advice.
Germany's Federal Employment Agency has identified the job sectors the country is most short of workers for. JobTalk looks at where the vacancies lie.
Students at German universities have shown themselves to be a risk-free lot in a survey by Ernst & Young. The civil service is their most popular choice of future profession, while job security is valued above all else.
Jenny Core, originally from Bolton, England, shares her tips in this week’s My German Career on being an artist in Berlin. The 27-year-old exhibits her work regularly in the city, including next to a Turner Prize shortlister.
In this week's JobTalk, Tanya Schober, who is originally from India, talks us through her journey to German citizenship.
In this week's My German Career, Anupama Gopalakrishna, who is originally from Bangalore in India, tells The Local about her new life in Frankfurt.
German Employment News
What kind of companies are hiring foreigners in Germany? And which type of firm should you target for your next career move? Recruitment expert Chris Pyak reveals all to JobTalk.
German employees do the most overtime of any workers in the European Union, Social Affairs Commissioner Lazlo Andor said on Monday.
What do German bosses need to do to get more out of their staff? Frankfurt-based business consultant Justin Bariso has this advice.
Germany’s Labour Minister Andrea Nahles has given her backing to an anti-stress law, announcing a study into workers' mental health on Tuesday.
Germans could foot the bill for unemployment benefits in other European countries under an EU plan to tax the union's richest states.
What do Germans do in their spare time? More and more of them are working a second job, according to one study. Is work no longer paying enough and can your boss stop you taking a second job?

Assistant for distribution process management
You will be working in conjunction with our wholesale retailer partners and will be responsible for managing and distribution process of various consumer products. As an effective assistant for distribution process management you will organize product delivery to domestic and international customers, ensure that our clients will receive excellent service experience that we are known for.
FULL JOB AD »

Reporter
The Local in Spain is seeking a reporter to join our growing team of internationally-minded, ambitious, and clued-up journalists. You will be based in our Madrid office covering news and events in Spain for thelocal.es and building this young site's audience.
FULL JOB AD »

IT Officer (Hardware/Networking)
VFS TasHeel, leaders in Visa Processing and Delivery, is looking for an IT Officer (Frankfurt Office) who will be primary responsible for User Level Support of all VFST/VASCO systems
FULL JOB AD »

Motorhome Bookers
Tlde
Added 09/16/14

PwC
Stepstone
Added 09/16/14

Bigpoint GmbH
Stepstone
Added 09/16/14

Bigpoint GmbH
Stepstone
Added 09/16/14

Bertrandt AG
Stepstone
Added 09/16/14

Bigpoint GmbH
Stepstone
Added 09/16/14

EagleBurgmann Germany GmbH & Co. KG
Stepstone
Added 09/16/14

Bosch Sicherheitssysteme GmbH, Grasbrunn
Stepstone
Added 09/16/14

Bosch Sicherheitssysteme GmbH, Grasbrunn
Stepstone
Added 09/16/14

Bosch Sicherheitssysteme GmbH, Grasbrunn
Stepstone
Added 09/16/14