Companies in Germany are increasingly planning job cuts, according to the conclusions of the latest survey by the „Ifo“ institute, obtained today by BTA.
The Munich Economic Institute's employment barometer fell further this month - to 93.1 points compared to 93.4 points in January.
„There is again greater restraint on the labor market“, says Klaus Wohlrabe, head of research at „Ifo“.
„Many companies plan to lay off more staff instead of creating new jobs“, he added.
In industry, layoffs remain a dominant problem. Almost all industrial sectors are planning to reduce their workforce, especially the automotive industry, where pressure to adjust staffing levels remains high.
The employment indicator for service providers has again turned negative. However, individual sectors such as IT service providers and legal and tax consultants are still looking for more and more new employees.
In trade, companies continue to operate with fewer staff. In construction, however, the barometer has risen slightly, with companies planning to hire slightly more employees.