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Business Yasmin Fahimi

“Location no longer attractive” – DGB boss worries about German business

“Many also fear that their job is no longer safe”: Yasmin Fahimi “Many also fear that their job is no longer safe”: Yasmin Fahimi

“Many also fear that their job is no longer safe”: Yasmin Fahimi

Source: dpa/Christoph Soeder

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Inflation, power disaster, lack of funding: the state of affairs for business and workers is “anything but relaxed,” says DGB boss Yasmin Fahimi. She reiterates her demand to reform the debt brake.

IAccording to the German Federation of Trade Unions (DGB), business and workers in Germany are going through one other 12 months of disaster. “The situation is anything but relaxed,” stated DGB chief Yasmin Fahimi to the German Press Agency in Berlin. “We are still in a crisis.”

It has develop into tougher for many individuals to make ends meet. “They had to accept real losses of income.” This significantly applies to workers with out the safety of a collective settlement. “Many also fear that their job is no longer safe.”

Fahimi stated: “The energy-intensive industries are particularly affected by this – the entire basic industry from the chemical industry to aluminum, iron, copper, steel, cement, paper, glass.” There are presently no indicators that something will change in 2024 .

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Fahimi criticized the truth that, as a response to the price range ruling from Karlsruhe, the federal authorities was permitting the state gasoline and electrical energy value brake to run out on the finish of the 12 months and never on the finish of March as initially deliberate. “It is regrettable that the government has not agreed to extend the electricity price cap,” stated the commerce unionist. “That would have helped.”

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But even firms that aren’t so depending on power costs now usually now not see Germany as a location that’s actually enticing. “The critical issues are the lack of skilled workers, the insufficient level of digitalization, but also the doubts as to whether we will succeed in the transformation, especially in the energy sector,” stated Fahimi.

Don’t forego billions in investments

In view of the federal government’s austerity measures on account of the Karlsruhe ruling on the federal price range, Fahimi warned to not forego billions in investments. “This affects the social infrastructure, i.e. schools and daycare centers, the care and health system, the roads and all forms of mobility.” At the identical time, the financial system and society have to be redesigned to be climate-neutral.

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“This includes, for example, the expansion of power lines and the development of hydrogen networks. This includes new gas power plants as a reserve when solar and wind do not provide enough electricity. This also includes investing in an attractive public mobility system that also meaningfully connects rural areas.” Fahimi due to this fact reiterated her name to reform the debt brake. At least the federal government ought to arrange a particular fund for investments in infrastructure.