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Saxon Automotive Industry Calls for Global Openness
2025-02-04 05:40:09

Saxon Automotive Industry Calls for Global Openness

The Saxon automotive sector is sounding an alarm against populism and extremism, highlighting their potential to undermine growth and job security. Companies like BMW and Volkswagen assert that diversity and global openness are essential for economic success.

The industry faces a significant skilled labor shortage, with projections indicating that Germany could be short 1.73 million workers. In the regions of Saxony, Thuringia, and Brandenburg, over 500,000 skilled positions may remain unfilled by 2035. Leaders stress that sustainable economic growth is vital and caution against simplistic solutions to intricate problems.

Emphasizing respect and tolerance, the sector advocates for immigration as a critical component in securing a capable workforce.

Related news on that topic:

Challenges Facing Bavarian Metal Employers

Bavarian metal employers are bracing for significant job cuts, with 44% anticipating a decline in workforce and 16% fearing substantial reductions. The overall sentiment is grim, as 47% of companies describe the current situation as poor. Investment plans are also being scaled back, with 51% of firms intending to cut expenditures. Factors contributing to this downturn include rising labor costs, bureaucratic hurdles, and energy expenses. The trend of relocating jobs abroad is gaining momentum, particularly towards Eastern European countries, the USA, and China. Despite these challenges, 90% of respondents still believe in the potential of Germany as a location for business, calling for fundamental reforms to improve the operating environment.

Germany's Industry Faces Pressures Amid Economic Challenges

Germany's industrial sector is under significant pressure as multiple economic challenges converge. IG Metall, a leading union, is advocating for a state investment program to safeguard jobs and industries, especially as the transition to electric mobility gains momentum. This call comes amid concerns about job losses and reduced investments, particularly in the metal industry, where high costs and bureaucratic hurdles are pushing companies to consider relocating abroad. Economists like Michael Hüther warn of a 'perfect storm' affecting the German economy, citing shrinking labor pools, globalization shifts, and the complex path to climate neutrality. He emphasizes the need for strategic energy transition policies and a reevaluation of financial constraints like the debt brake. Political figures, including Olaf Scholz, highlight the importance of supporting industries such as steel through European cooperation and investment in green technologies. However, the broader economic landscape remains fraught with uncertainty, as Germany, despite being an export powerhouse, grapples with the end of globalization and the need for a deeper economic overhaul. The situation underscores the urgent need for comprehensive reforms and investment strategies to maintain Germany's industrial and economic stability.

The press radar on this topic:

gmx
4. Februar 2025 um 03:04

Saxon Automotive Industry Advocates for Greater Openness to the World

Politics
Economy
Automakers BMW and Volkswagen in Saxony warn against populism and extremism that threaten growth, prosperity, and jobs. Hatred of foreigners is seen as a location risk and a threat to economic success. Companies emphasize the importance of openness to the world, diversity, and immigration for securing skilled workers, as there are 1.73 million vacancies in Germany and over 500,000 skilled workers could be missing in Saxony, Thuringia, and Brandenburg by 2035. Volkswagen stands for respect, tol..
t-online
4. Februar 2025 um 03:00

The Saxon automotive industry calls for more openness to the world

Politics
Economy
The Saxon automotive industry, including BMW and Volkswagen, warn against populism and extremism that endanger growth and jobs. Diversity and openness to the world are the foundations of their success; xenophobia exacerbates the shortage of skilled workers. Volkswagen produces electric vehicles in Zwickau.
zeit
4. Februar 2025 um 03:00

Migration Policy: Saxon Automotive Industry Calls for More Openness

Politics
Economy
BMW and Volkswagen in Saxony warn against populism and extremism, which endanger growth, prosperity and jobs. Company spokespersons Kai Lichte and Christian Sommer emphasize the importance of openness, diversity and immigration for securing skilled workers. According to forecasts, over 500,000 skilled workers could be missing in Saxony, Thuringia and Brandenburg by 2035. According to the Institute for Employment Research, there are already labor shortages for 1.73 million unfilled positions in..
CW

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