An influential economic research centre has warned that 100,000 jobs could be put at risk in Germany if the UK leaves the EU without securing a deal. The study by the Halle Institute for Economic Research found that jobs in the car industry would be particularly vulnerable to the uncertainties created by Britain tumbling out of the EU without securing a favourable trading relationship. Export giant Germany sold 770,000 vehicles to the UK in 2017 and 15,000 jobs in its automobile sector are reliant on this huge level of trade. The study estimates that Wolfsburg, hometown of Volkswagen, would be hit hardest by a collapse in exports that would result from a no-deal exit. Some 500 jobs, or roughly 0.4 per cent of the Wolfsburg workforce, would be threatened. Dingolfing in Bavaria, which is heavily reliant on jobs provided by luxury carmaker BMW, would face a similar risk to jobs.
A no-deal Brexit would put 100,000 jobs in Wolfsburg at risk, according to a study by the Halle Institute for Economic Research. With Wolfsburg selling 770,000 vehicles to the UK in 2017 and having 15,000 workers reliant on that trade, the automotive sector would be the hardest hit. Workers in Germany and Dingolfing, which are reliant on work from Volkswagen and BMW respectively, would be particularly vulnerable. Meanwhile, the study found workers in Ireland and Malta were at the highest risk of job losses in a no-deal scenario.