In 2009, the production of German machine tool manufacturing industry may continue to shrink

According to the German 'Business Daily' report on February 27, German machine tool manufacturers are worried that 2009 will be worse than the current situation. shrink by 15%. This estimate suggests that the situation will deteriorate further. The number of orders in the fourth quarter of last year fell by 54% year-on-year, and the most affected were standard machine tools used in the automotive industry. Employment in the industry had fallen to about 67,000 by the end of the year, down from 73,400 in October 2008. The layoffs are mainly temporary workers, but try to retain the technical staff. At present, the company does not think it will be out of the woods soon, but hopes that the situation will improve by the end of the year.             

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