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 tell us what challenges this presents them with.
Germany's job market has changed, with many companies reducing hiring and cutting jobs amid economic downturn. The Institute for Labour Market and Vocational Research (IAB) reports that around 15,000 jobs are lost in the industry every month. 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, according to the Federal Statistical Office. Many of those affected, mostly between 50 and 60 years old, have reported their struggles with long-term job searching.
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.
