News and information from Europe 🇪🇺
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This is why europe is loosing the car market. European, especially German, car manufacturers are consistently moving exactly the wrong way.
They cut down on wfh.
They cheat on emmission tests.
They refuse EV.
They actively lobby against green legislature
We need really to do something against that manager bonuses and shareholder incomes might cease to grow faster and faster!! /s
Germany is not lacking work productivity. It is lacking proper distribution of wealth and sane social-democratic policies. You see that when you compare to Scandinavia.
how very german of them.
"Work also gives people structure, participation and meaning in life," he added.
Almost like work makes one free ?
Yeah but they are German, so how would they say it again…..?
Arbeit gibt Freizeit?
Nailed it!
Obviously, because there can be no Freizeit without Arbeit. Imagine living without Feierabend or Urlaub, the horror.
Or, and bear with me here, you could have just a small amount less in profits. Or you could tax the rich. Or you could hope your warehouses don’t start on fire.
Go fuck yourself springs to mind.
Net profit decreased 17.2% to €1.43bn.
https://finance.yahoo.com/markets/stocks/articles/mercedes-benz-posts-lower-q1-115613600.html
Your cars don’t need to be cheaper, they need to be better.
This measure won’t make your cars better.
To be fair, it is easier to sell a shitty car if it isn't expensive
Sure, but let’s not kid ourselves, Mercedes will not make the cars cheaper.
The reason for his argument is likely the dramatic reduction of Return on Sales (basically the profit margin) from 8% in 2024 to just ~4% in 2025.
The 35-hour working week is standard at collectively bargained companies in the German automotive industry
Labour had become too expensive in Germany by international standards, Brudermüller said. "We no longer have a productivity advantage over key competitors," he said.
"There are two levers: Either you cut salaries or people work longer for the same salary," said the former chief executive of chemicals group BASF. The former option was not reasonable in practice, he said.
I mean, open or expand facilities in another country.
https://en.wikipedia.org/wiki/Mercedes-Benz_Group#Locations
Currently you have:
Germany: Affalterbach, Berlin, Bremen, Düsseldorf, Hamburg, Kölleda, Ludwigsfelde, Rastatt, Sindelfingen, and Stuttgart
China: Beijing, Fuzhou
India: Bengaluru, Pune
Indonesia: Bogor
Argentina: Buenos Aires
US: Charleston, South Carolina; Vance, Alabama
South Africa: East London
Brazil: Juiz de Fora, Sao Berenardo do Campo
Hungary: Kecskemét
Malaysia: Pekan
Thailand: Samut Prakan
Spain: Vitoria-Gasteiz
If whatever it is doesn't have constraints, then put it wherever you want. If it needs to be in the EU, then you already do Hungary and Spain besides Germany. If the people are capable of doing the work you need done and the going rate is lower, then makes sense to have it done there. If they aren't capable, then, well, the statement that the existing wages in Germany are uncompetitive internationally doesn't stand up.
EDIT:
https://ecipe.org/insights/germanys-industry-isnt-in-decline-its-changing/
Germany’s Industry Isn’t in Decline, It’s Changing
Germany’s industry is in turmoil. Last year’s headlines about mass layoffs by German industrial giants like Volkswagen, Thyssenkrupp, BASF, and Continental were striking—but hardly surprising.
Experts offer numerous reasons for the root causes of Germany’s economic problems, ranging from increased energy prices and high labour costs to the country’s political culture and excessive bureaucracy. Yet the underlying forces of the Germany economy point to another unavoidable conclusion: downsizing the industrial labour force is, in the end, inevitable.
Economics, often misunderstood, operates under its own immutable laws. One of them asserts that as countries grow richer, they initially add more industrial jobs to the economy. But, after reaching a tipping point, they begin shedding factory jobs. Instead, economies create more intangible and services work, ranging from diligent engineers to smart consultants.
Germany is no exception. Its glory days of manufacturing jobs growth are long behind it, having peaked already in the 1980s. Since then, the share of industrial work has steadily declined, dropping from 40% in 1990 to just 27% today (left panel). Over that same period, a rapidly growing share of jobs in Germany has shifted to services.
For a long time, however, many thought of Germany being an exception from that law. After all, it was able to continue its industry dependency and consistently maintained a higher manufacturing share than France, another European industrial heavyweight. Germany also managed to slow its decline: while manufacturing jobs in other Eurozone countries continued to plummet, Germany’s post-Global Financial Crisis drop was only half as steep as the Eurozone as a whole. In fact, Germany still holds a strong comparative advantage in manufacturing.
However, Germany is just like every other country. Like all countries around the world, service jobs will inevitably start to outpace factory jobs in Germany. Even China, the world’s factory floor, won’t escape this tipping point. Since 2013, and despite the country’s manufacturing rebound, its industrial share in the economy has actually begun to decline (although its employment not yet)—a fate mirrored across the entire globe.
"There are two levers: Either you cut salaries or people work longer for the same salary,”
I'm not the smartest man out there, but that sounds like "you either cut salaries or you cut salaries." (Reduce the value of your labor)
Why is everyone suddenly reporting on every little thing CEOs say as if I should care? This retard is one stupid sentence away from being deleted just because we can, don't even need a reason at this point other than he has ill-gotten gains.
Anyone that makes money on interest should be shot.
Because as we all know, every problem goes away by selecting a group of people and shooting them.
Relevant saying: Meet the new boss, same as the old boss.