Wednesday, July 16, 2025
19.2 C
Tallinn

Largest German union drops four-day week demands amid economic slump

Agency Report –

Germany’s largest trade union is dropping demands for a four-day week due to the country’s economic struggles.

Germany’s largest trade union is dropping demands for a four-day week due to the country’s economic struggles.

“A four-day week with full wages is not currently on the union’s list of demands,” said Christiane Benner, chairwoman of IG Metall, on Tuesday.

Benner told the Bild tabloid that the policy remains sensible.

However, due to Germany’s languishing economy, workers are currently facing a reduction in working hours due to employers’ cost-cutting measures, she argued.

Many German businesses oppose proposals to introduce a four-day week with full pay.

In a March survey by the pro-business German Economic Institute, 94% of 823 companies survey said the move would hurt value creation.

In addition, almost 70% said they believed that work would go undone and that Germany would be left behind compared to international competitors.

IG Metall has emphasized that German companies must take responsibility to ensure their business models are viable in the future, to invest and to secure jobs.

“We recognize the seriousness of the situation. But we also see that many companies lack strategies for the future and are not making the necessary investments,” Benner said.

Germany’s economy – Europe’s largest – has been in recession for two consecutive years, and experts expect the struggles to continue in 2025.

Sourcedpa

Hot this week

First Multinational HIMARS Launch on Australian Soil Highlights Interoperability, Modernization

Multinational forces demonstrated integrated fires and maneuver capabilities across...

U.S. and Bahrain Sign Nuclear Cooperation Pact to Advance Civil Energy Partnership

WASHINGTON (Chatnewstv.com) — The United States and the Kingdom...

UK Foreign Secretary Unveils Revamped Africa Strategy, Pledges Trade, Investment, and Equal Partnership

LONDON (Chatnewstv.com) — UK Foreign Secretary David Lammy has...

EU Urges Calm in Sweida, Condemns Civilian Violence and Israeli Strikes in Syria

BRUSSELS (Chatnewstv.com) — The European Union on Wednesday expressed...

Estonian and Nordic Å koda Drivers Target WRC2 Podium at Rally Estonia

TARTU, Estonia (Chatnewstv.com) — As the FIA World Rally...

Latest

First Multinational HIMARS Launch on Australian Soil Highlights Interoperability, Modernization

Multinational forces demonstrated integrated fires and maneuver capabilities across...

U.S. and Bahrain Sign Nuclear Cooperation Pact to Advance Civil Energy Partnership

WASHINGTON (Chatnewstv.com) — The United States and the Kingdom...

EU Urges Calm in Sweida, Condemns Civilian Violence and Israeli Strikes in Syria

BRUSSELS (Chatnewstv.com) — The European Union on Wednesday expressed...

Estonian and Nordic Å koda Drivers Target WRC2 Podium at Rally Estonia

TARTU, Estonia (Chatnewstv.com) — As the FIA World Rally...

Stellantis Halts Hydrogen Fuel Cell Program

AMSTERDAM (Chatnewstv.com) — Global automaker Stellantis announced Wednesday it...

Greenhouse gas emissions halved under EU carbon scheme

Agency Report - Since the introduction of the European emissions...

Germany’s Ceconomy increases sales in its third quarter

Agency Report - German electronics retailer Ceconomy AG reported on...
spot_img

Related Articles

Popular Section

spot_imgspot_img

MORE FROM CHATNEWSTV

Germany’s Ceconomy increases sales in its third quarter

Agency Report - German electronics retailer Ceconomy AG reported on Wednesday that preliminary sales grew by 5% in its third quarter compared to the same...

Bundesbank: German economy losing momentum, US tariffs weigh heavily

Agency Report - Germany’s central bank, the Bundesbank, has reported that the country’s economy lost momentum again in the second quarter, and warned that the...

Africa Must Control Its Own Capital — Afreximbank

ABUJA, Nigeria (Chatnewstv.com) — As Africa faces a projected $1.6 trillion development financing gap by 2030, leading voices across the continent are calling for...

Africa Richest Man Dangote Submits Plans For Nigeria’s Biggest Seaport In Ogun

Aliko Dangote, Africa’s richest man and founder of the Dangote Group, has submitted paperwork to build Nigeria’s largest seaport in Ogun State. The planned deep...

Global Trade Surges in First Quarter as Importers Race to Beat U.S. Tariffs

GENEVA, July 15, 2025 (Chatnewstv.com) — World merchandise trade surged in the first quarter of 2025 as importers — particularly in North America —...

Germany’s Merz warns US not to ‘underestimate’ EU on tariff dispute

Agency Report - The United States should not "underestimate" Europe's readiness to hit back if planned 30% tariffs on EU goods take effect, German Chancellor Friedrich...

US software giant Oracle to invest $2bn in Germany to meet AI demand

Agency Report - US software giant Oracle plans to invest $2 billion in Germany over the next five years in order to meet the growing...

German minimum wage hike to benefit low-income women, eastern workers

Agency Report - A hike in Germany's minimum wage is set to benefit low-income women, workers in hospitality and residents of eastern regions most, a...

Court Orders Final Forfeiture of ₦326 Million, $480,000 Tied to Union Bank Fraud

The Federal High Court sitting in Lagos has approved the final forfeiture of over ₦2 billion in cash and assets traced to a massive...