Germany's aerospace industry is experiencing a resurgence, resulting in more jobs than ever before.
The aerospace sector in Germany experienced a surge in growth after the pandemic and now boasts more workers than ever before. Total earnings reached an astonishing 46 billion euros in 2023, surpassing the pre-pandemic levels of 41.5 billion euros in 2019, according to the BDLI, Germany's industry association.
This thriving sector currently employs around 115,000 people, with 81,000 working in the civil aircraft sector (+8,000), 24,000 in the military sector (+1,000), and another 10,000 dedicated to space (+1,000). In their announcement on Thursday, BDLI praised this phenomenal growth, even citing the possibility of a stronger performance this current year, 2024, due to an increased number of orders in the civil aircraft industry.
However, some unusual conditions from last year compared to the pandemic-ridden 2022 might have influenced this disproportionate rise in revenue. Inflation, international aid for Ukraine, and a depleted special fund for the German army have all played a role in the 18% increase.
BDLI's President Michael Schöllhorn celebrates this development, stating, "We're thrilled our industry has emerged from the covid years stronger than ever before." He predicts continued growth in both the civil aircraft industry and the defense sector. On the other hand, Schöllhorn is concerned about the reliability and capacity of supply chains. His own company, Airbus, is contending with intricate national and European supply chain regulations that are adding to the challenges their businesses face.
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People across the space industry in Germany rejoiced after the industry's remarkable growth post-pandemic, leading to more jobs and record earnings. This European country, known for its exceptional engineering skills, saw an 18% revenue increase in 2023, surpassing pre-pandemic levels, with a total of 115,000 people now employed. After recognizing the potential for even further growth, German President of the BDLI, Michael Schöllhorn, voiced optimism about the future of the civil aircraft and defense sectors, emphasizing his concerns with supply chain reliability and complexity.
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