Economic crisis on Lake Constance: ZF boss warns of breakdown!

in Friedrichshafen, an important industrial location on Lake Constance, they visited Holger Klein, the CEO of ZF, one of the largest automotive suppliers in the world. Klein expressed concern about the high debt of the company and the associated plans for the massive reduction of jobs. In addition, he described the challenges when switching to the electrification of drives, which progresses more slowly than originally expected. In order to counteract the social effects of the transformation, ZF has introduced measures such as partial retirement and the waiver of replacement for fluctuation.

challenges of migration

Another central topic in the discussion is migration. The proportion of population born abroad in OECD countries has increased from 7% to over 12% in 2019. In Germany, this share is around 15%. This increase has led to polarizing debates on the economic effects of immigration. Critics warn of negative effects on jobs and public finances, while supporters argue that immigration is crucial for the stability of social systems in aging societies

According to a study, the measurement of the economic effects of immigration is complex. In the short term, negative effects on the labor market can occur, while in the long term, economic growth increases and the average wages can remain stable. The effects depend heavily on the qualification of the migrants. Lowly qualified immigrants can put the wages of less qualified locals under pressure, while highly qualified migrants increase the potential for innovation and thus contribute to productivity.

statistical perspectives

The integration of immigrants into the labor market can be recorded by various odds. In December 2022, the unemployment rate for foreigners was 13.9%, while the employment rate was 53.9%. These figures clarify that despite the challenges of migration, the labor market continues to offer opportunities. Young migrants in particular often bring positive fiscal effects with them, while older migrants tend to represent greater challenges.

An example of successful integration are the Ukrainian refugees who have received a simplified admission procedure and work permit since February 2022. These measures can help relieve the pressing questions of the shortage of skilled workers in Germany and at the same time promote social participation.

The report on the industrial and social situation in Germany will be broadcast on February 17, 2025 at 8:15 p.m. in the ARD and is also available in the ARD media library. The upcoming elections could result in far -reaching decisions regarding the political and economic orientation of the country, especially in times of great challenges.