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. According to the Institut für Arbeitsmarkt- und Berufsforschung (IAB), around 15,000 jobs are lost in the industry every month. The number of unemployed executives across all sectors has risen by 14 percent in a year, and the proportion of academics unemployed for over a year has also increased, as shown by data from the Statistisches Bundesamt.
Over 100 qualified individuals, many of whom held leadership positions, responded to a call on LinkedIn, sharing their experiences of struggling to find new jobs despite their qualifications. Most of them were between 50 and 60 years old.
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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