After three consecutive years of growth, Saxony's mechanical engineering companies lost momentum in 2024. Both total turnover and the number of employees declined, according to the German Engineering Federation East (VDMA) in Leipzig. The association expects a mixed result for this year. The VDMA referred to data from the State Statistical Office for companies with at least 50 employees.
Decline in turnover and number of employees
In the previous year, the 188 Saxon mechanical engineering companies of this size sold machines, systems, components and services worth 8.2 billion euros, according to the data. This is a drop in turnover of four percent compared to the previous year. The number of employees fell by 1.3 percent during this period.
