Germany's Industrial Giants Push for 40-Hour Week as Labour Costs Rise
9 Articles
9 Articles
The beleaguered German industry is calling on employees to adopt a forty-hour workweek for the same pay currently paid for 35 hours. High labor costs are reportedly eroding the country's competitiveness, Mercedes-Benz, among others, is informing employees. That is true in principle, says ING economist Carsten Brzeski, but you will never be able to compete with Asia on labor costs. 'You don't just have a cost problem. Germany primarily has a qual…
40-hour workweek, problematic revolving door and scandal-stricken asset manager in comeback. Those are the main themes of this Wednesday's news flyover from Berlingske Business.
(Seoul = Yonhap News) Reporter Oh Su-jin = Ahead of wage negotiations this coming October, German business leaders are proposing to maintain current wage conditions but reduce weekly working hours from the current 35 hours to 4...
Management complains that high domestic costs are weighing on profits at a time when cheaper models from abroad, primarily from China, are taking market share.
In certain industries 35 hours a week are considered as standard. Large companies want to get away from it and back to 40 hours. The post Great German industrial companies demand a return to the 40-hour week because the Germans have become too expensive first appeared on Mein-MMO.
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