German companies are continuing to move abroad — and that applies to businesses of every size. According to press reports, Gardena, the Ulm-based garden tools specialist, plans to cut 250 jobs in Germanyand partially relocate operations to the Czech Republic. That amounts to a reduction of 10% of its domestic workforce.
Major global players such as BASF are also continuing to invest abroad. Earlier this year, it become known that the chemical company intends to relocate service positions to India, with many jobs at its Berlin site coming under particular pressure.
Relocations and job losses
Last year, the situation was described in even more dramatic terms.
"Germany's industrial crisis is running at full speed," wrote the online magazine Finanzmarktwelt in November, citing figures from the Federal Statistical Office from 2018 to 2023. More recent figures have yet to be published by the office.
