Economists see a press report that in the case of a „hard Brexit“ more than 100,000 jobs in Germany at risk. This is the conclusion of an investigation by the Leibniz Institute for Economic Research Halle (IWH), as the newspaper „Welt am Sonntag“ reported in advance.
Accordingly, the study breaks down the effect of Britain’s exit from the EU without any compromise or catch-up solution, except for the individual administrative districts and independent cities in Germany. „The employment effects of a ‚hard Brexit‘ would be particularly noticeable at the automotive sites,“ quoted the sheet study author Oliver Holtemöller.
Hard cuts in Wolfsburg
Particularly hard cuts would bring an uncontrolled exit of the British for employees in Wolfsburg and Lower Bavaria Dingolfing-Landau, as the analysis showed. This is because Volkswagen and BMW, together with automotive suppliers, were the largest employers.
Furthermore, the counties Böblingen, where among other technology companies such as IBM and Siemens and companies in the auto industry are located, and the Märkische district in southern Westphalia, where there are numerous export-strong medium-sized companies.
