VDMA: Mechanical Engineering Settles Accounts with Government - "Speechless"
Germany's mechanical engineers are warning in Berlin about the decline of the location. In a passionate speech, VDMA President Kawlath denounces the backlog of reforms.
VDMA President Bertram Kawlath has sharply criticized the German government at the Maschinenbau-Gipfel in Berlin, accusing it of endangering Germany's industrial location with internal disputes and reform backlog. Kawlath cited a range of grievances, including a block on labor market reform, excessive bureaucracy, and high tax burden.
A study commissioned by the VDMA found that an extra hour of overtime per week could increase economic output by 549 billion euros and create 120,000 jobs over ten years. The industry expects a 2% decline in production this year, but a 3% increase in 2027, driven by foreign orders.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
