Germany's competitiveness: Employees raise the alarm!

Germany's competitiveness: Employees raise the alarm!

A current study shows that more than half of the employees in Germany (56 percent) find the competitiveness of the business location deteriorated in the past five years. Only 12 percent of the respondents believe that the situation has improved. Almost a third of the employees notice no changes, neither upwards nor downwards regarding competitiveness. These worrying numbers were published by Merker

The study also shows that 43 percent of the respondents rate Germany's future viability rather negatively, while only 39 percent see a positive outlook. Optimism is particularly pronounced among younger employees: almost 60 percent of the less than 35 year olds rate the future viability as positive, while this is only the case for 43 percent of 36 to 65 year olds. Jan-Rainer Hinz from Ey emphasizes that these doubts have to be taken seriously and warns of major challenges for industrial companies in Germany without an upswing being in sight.

challenges for the German economy

The respondents call several weaknesses that affect the competitiveness of the location. This includes bureaucracy, high energy costs and the shortage of skilled workers. These aspects show a worrying development that should be addressed if Germany wants to remain internationally competitive.

On the positive side, the qualified workers, the high quality of life and stable political framework conditions, were mentioned as the strengths of the location. This is also reflected in a comprehensive examination of Ey> illuminated the future economic situation in Germany.

The dissatisfied look at competitiveness offers a clear message to companies and decision -makers: the need for action is high. In view of the challenges presented, it is essential to take measures to improve the assessments of the employees. According to Boersennews , it could have long-term effects on the business location of Germany, which is negative on social peace and wealth can have an impact.

These results not only illustrate the concerns of the employees, but also show that rethinking and strategic action are necessary to meet the challenges of the future.