Economy and Labour
As of 2009 the city economy features the private health sector (SRH Waldklinikum), industrial machinery (Dagro Gera GmbH), communications (DTKS GmbH, Deutsche Telekom AG), security locks (Schloßsicherungen Gera GmbH), optics (POG Präzisionsoptik Gera GmbH), electrical equipment (Electronicon Kondensatoren GmbH), and margarine manufacturing (Othüna). Other companies include a compressor manufacturer (Kompressorenwerk Kaeser), a precision-tool maker (SMK-Präzisionsmechanik), and a subsidiary of the construction company Max Bögl. The e-commerce service provider D+S Europe has a service centre in Gera with several hundred workers, and Rittal, a manufacturer of information technology enclosures, recently moved from Bad Köstritz to Gera.
Some industrial branches operating before 1990 no longer have major importance. Sectors that either no longer exist or have been sharply reduced include those in toolmaking (VEB Wema Union), textiles (VEB Modedruck), textile machinery (VEB Textima), electronic equipment (VEB Elektronik Gera). Other industries that had a presence included VEB Carl Zeiss Jena and a brewery. One important industrial branch had been uranium-ore mining in nearby Ronneburg (SDAG Wismut).
The East Thuringia/Gera metropolitan area as a whole has a population of 450,000. This makes Gera a regional commercial centre for retail. By 2003, the town had three major retail centres: Gera-Arcaden, Amthor-Passage, and Elster-Forum.
Though the third-largest city in Thuringia, Gera ranks in 7th place in terms of unemployment. The unemployment rate decreased from 15.4% in June 2007 to 14.9% in March 2009.
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