Germany's Strategy to Bolster Its Industrial Sector

In the wake of economic challenges, Germany is focusing on bolstering its industrial sector to prevent the collapse of key industries. Prime Minister Reiner Haseloff emphasizes the need for the new federal government to address the economic crisis.

Meanwhile, Labor Minister Hubertus Heil advocates for active industrial policies to preserve jobs in sectors like automotive, machinery, and chemicals, and to counter threats like Chinese dumping steel. Heil proposes extending short-time work programs and setting conditions for state aid to protect employment.

He stresses collaborative solutions with businesses and workers to avoid layoffs. Criticizing CDU's Friedrich Merz for his passive economic stance, Heil underscores the importance of reinforcing Germany's industrial base, drawing lessons from international competitors like the USA and China.

This proactive approach aims to secure the future of Germany's industrial landscape.