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 finding it hard to get 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). 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, as shown by Statistisches Bundesamt data.
Over 100 qualified individuals, many of whom were team leaders or held C-level positions, responded to a Handelsblatt call on LinkedIn, sharing their struggles with long-term job searching, mostly aged between 50 and 60.
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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