Executives: Highly qualified, successful, looking for work – Four people affected report
In the crisis, people whose careers have so far gone steeply upwards are also no longer finding a job. Four people affected talk about the challenges this presents them with.
Germany's job market has changed, with many companies reducing hiring and cutting jobs amid economic downturn. Around 15,000 industrial jobs are lost monthly, according to the Institut für Arbeitsmarkt- und Berufsforschung (IAB). As a result, a growing number of job seekers, including highly qualified academics, executives, and managers, are facing fewer job openings.
The number of unemployed executives across all industries has risen by 14% in a year, and the proportion of academics unemployed for over a year has also increased, according to the Statistisches Bundesamt. Over 100 affected individuals, mostly between 50 and 60 years old, responded to a call on LinkedIn.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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