Labor market: Total metallic president warns of additional job cuts in trade | EUROtoday

There is a danger of additional job cuts within the metallic and electrical industries. “The industry will lose significantly more jobs in the next five years. The job cuts are already real, for ten months in a row,” stated Stefan Wolf, President of the Gesamtmetall Association, in an interview with WELT AM SONNTAG.

The trade’s order utilization price averages 75 p.c. “That means we can’t keep the jobs. There is not enough sales for that,” stated Wolf. Therefore, you need to flip the fee screw. There are presently 3.91 million workers working within the metallic and electrical trade.

In order to get the financial system going once more, Wolf known as for, amongst different issues, a discount in forms: “Unnecessary laws such as the Supply Chain Act or the General Data Protection Regulation must be removed in no time. We spend endless money, 70 billion euros in German industry just on bureaucracy,” he stated. A company tax reform, decrease community charges and a cap on social safety contributions at 40 p.c are additionally overdue.

“I just don’t believe that a coalition with the participation of the SPD will implement this. And with the Greens it will be twice as difficult, they are incredibly ideological,” stated Wolf, who’s himself a CDU member. He needs a coalition of the CDU and FDP – and warns of a strengthening of the right-wing populists: “If a brand new coalition doesn’t convey a few coverage change that will get us again on observe, I anticipate that in 4 years we can have a particularly sturdy AfD with maybe 30 or have 35 p.c.”

Daniel Zwick is a enterprise editor and stories on all matters associated to the automotive trade for WELT.