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November 17, 2009

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Germans working in production fall 4.4%

THE number of people employed in Germany's crucial manufacturing sector fell 4.4 percent in the year to September, the Federal Statistical Office said yesterday.

The office said 5 million Germans worked at manufacturing companies with 50 or more persons, a decline of some 233,000 persons compared with September last year.

Europe's largest economy relies heavily on exports of manufactured products from companies such as Siemens AG, steel maker ThyssenKrupp and car makers Volkswagen AG and BMW AG.

The number of hours worked fell 8.9 percent to 642 million, although the number of calendar days increased by one day to 22 work days in the month. The Wiesbaden-based office said the fall in hours is a result of short work programs instituted by many German companies to save more jobs.


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