BERLIN -- The UK leaving the European Union without an exit deal would jeopardize 100,000 jobs in Germany, many of them in the auto industry, according to a study by Halle IWH, one of the country's leading economic institutes.
The most affected areas would be Volkswagen Group's hometown of Wolfsburg, and Dingolfing-Landau, the site of BMW's largest German factory, according to Welt am Sonntag, which published the study.
"The employment effect of a hard Brexit would be felt above all in the automotive" industry, Oliver Holtemoeller, one of the study's authors, told the newspaper.
Because of Germany's reliance on exports, no other country in the EU would be more affected, according to Holtemoeller.
In total, the worldwide effect of a no-deal Brexit could hit 612,000 jobs, the study said, with 179,000 of those from the EU.
