The largest German stock exchange groups react with the dismantling of thousands of jobs to the economic flaut in Germany. After years of employment, the number of employees at the DAX companies has decreased slightly last year, a new study by the auditing and consulting company EY.
According to this, the number of employees fell in total at around 4.05 million at the end of 2024. That was around 19,300 or 0.5 percent less than a year earlier. Around half of the companies deleted jobs compared to the previous year. However, only 36 of the 40 groups of the first stock market league gave information about the workforce.
Half of the corporations reduce jobs
It will remain with austerity measures for the time being, says Jan Brorhilker, Managing Partner at EY. Large sales or profit jumps are rather not to be expected in the current year. The geopolitical risks have not been as great as in decades, and in view of the customs dispute with the United States, new burdens were threatened. Only recently had Audi and Siemens announced the dismantling of thousands of jobs.
At the same time, the 40 DAX groups 2024 were able to increase sales by 0.3 percent. The operational profit before interest and taxes (EBIT) grew by 2.9 percent despite the economic crisis. The corporations benefited from strong shops in Europe and a good final quarter.
Auto crisis and armor boom
The EY study shows big differences according to industries: sales fell by 3 percent and profit by 26 percent. In contrast, the engine builder could MTU Aero Engines and the armaments group Rhine metal increase sales by over a third.
Regardless of the industry crisis, car manufacturers dominate the sales ranking: VW is at the forefront with a proceeds of 324.6 billion euros followed by alliance (almost 180 billion), Mercedes Benz (145.6 billion) and BMW (142.4 billion).
Telekom overtakes at the profit VW
The highest operational profit achieved the 2024 Deutsche Telekom With 26.3 billion euros. It replaced VW, where the operational profit broke up to 19.1 billion. Only three DAX groups- Bayer,, Vonovia And Porsche SE – Booked a loss in day -to -day business.
Henrik Ahlers, CEO at EY, regarded the fact that 60 percent of the companies were able to increase sales despite the economic doldrums. On the other hand, some corporations achieved record numbers, some even built jobs. “So there is no continuous negative trend.”