Merkel Demands All Big German Companies Hire
Merkel Demands All Big German Companies Hire Refugees
(REUTERS) – Chancellor Angela Merkel has invited executives from some of Germany’s biggest listed companies to attend a summit next month where she will urge them to hire more refugees, the newspaper Bild reported on Saturday.
More than one million migrants flooded into Germany last year, and the government wants to get as many as possible into the job market, which would reduce their dependence on the state and compensate for labour shortages as the workforce ages.
Merkel will push reluctant German companies to offer more traineeships and position to refugees, Bild reported. Large companies have been criticized for doing little to help integrate the refugees into the thriving job market.
Companies say most of the new arrivals lack the German language skills and the education required for a job.
Engineering giant Siemens (SIEGn.DE), chemicals group Evonik (EVKn.DE), carmakers Opel(GM.N) and VW(VOWG_p.DE) and utility RWE(RWEG.DE) will share with Merkel the results of pilot projects with refugees, Bild said.
Merkel’s office declined to confirm Bild’s report, which said the meeting at the chancellery will take place Sept. 14.
The Frankfurter Allgemeine Zeitung reported a month ago that the 30 biggest DAX-listed companies had until June employed only 54 refugees, including 50 who were hired by logistics provider Deutsche Post DPWG.DE.
Vice Chancellor Sigmar Gabriel last month urged large companies to do more for refugees, saying their efforts pale in comparison to the Mittelstand, the small and medium-size companies considered the backbone of Europe’s biggest economy.
More than 1.1 million migrants arrived in Germany last year, mostly refugees fleeing conflicts in Syria, Afghanistan and Iraq.
Featured stocks: Coffee Shoppe
For conservative debate: "Keeping it Real"
Game Changing stock $SHMP
Scroll down for more posts ▼
Top 10 Most Recent News Articles
Massive Prize Pools Emerge in Just Four Days I found myself eyeballing some jaw-dropping numbers from Americas Cardroom's latest poker series, the Online Super Series XL. It's not every day you see nearly a hundred tournaments rake in over $7.2 million in prize pools in just four days. From September 6th to 9th, a whopping 62,847 entries signed up to make an honest...
Continue Reading
An Unstoppable Force in Fintech Well, if QuickFi hasn't made a name for itself in fintech, then folks, I don't know what to tell you. This year, they’ve snagged yet another prestigious Finovate Award—this time for Best SMB/SME Banking Solution. That's not their first rodeo either; it’s the fourth time they’ve walked away winners. It's almost like they're...
Continue Reading
Copper's New Pulse: PolarX Makes Waves in Alaska Ever hear about striking copper so rich it's practically shimmering? Well, PolarX Limited just might have hit that sweet spot up in the rugged expanses of Alaska. Let me tell you, when you're knee-deep in resources, like what they’re discovering at the Caribou Dome Project, it sure feels like you’ve struck modern-day...
Continue Reading
Fermi's Roller Coaster: A Founder’s Stand Seems like Fermi Inc. is on a wild ride through the business landscape, and it's giving shareholders more whiplash than satisfaction these days. Toby Neugebauer, co-founder of Fermi and the loudest voice in the room, is feeling like his company is facing some serious turbulence and seems determined not to sit idly by as it hits...
Continue Reading
A Somber Day at NYSE: Reflecting on 9/11 September 11th grips the heart of NYSE every year, but this year's 25th-anniversary powerfully reverberates through its hallowed halls. The hustle of the trading floor halts for a moment at 9:20 AM ET, paying homage to those lost in the harrowing attacks. I've seen the markets flap in the wind of countless crises, but nothing's...
Continue Reading
They say good things come in bizarre packages, and that's exactly the case as David Boylan's Lick the Plate zany celebration marks 15 years on air with its 2,000th episode. If you think of radio as a predictable endeavor, well, you're not tuned into Lick the Plate. A Milepost Draped in Multicolored Fabrics When you're browsing through colorful avenues of radio fame, it's...
Continue Reading
Decoupling Oil Price and Production Response This oil market isn’t your usual rodeo. With Brent flirting with $100, it’s a seismic shift that’s not yielding new drills but redirecting capital to the existing infrastructure landscape. Ask yourself why we're not seeing the usual cavalry charge of new rigs. It’s simple: Pipeline mileage and producing wells have...
Continue Reading
A Fresh Alliance for Mental Wellness in Modeling Alright, let's shine a spotlight on a significant step in the modeling industry, a place typically less vocal about mental health. In a move that feels long overdue, Brain-Body Therapy and Mother Model Management have joined forces, marking the beginning of a collaborative effort to propel mental wellness to the forefront...
Continue Reading
Revolutionizing Estate Recovery Practices Here's the scoop: DCM Services (DCMS), that big shot in estate account resolution, is hooking up with AKUVO to shake up how credit unions handle estate recoveries. This alliance is a clear nod to modernizing a process stuck in the past. Let’s face it, handling decedent and probate accounts is no cakewalk, and traditional methods...
Continue Reading
AI Without the Headache Alright folks, IREX is shaking things up, and not in the usual iterative, bit-by-bit tech progression way. StreamVLM™ has been rolled out as the world's first vision-language model (VLM) analytics engine tailored for the public safety sector—specifically, for cloud platforms. I’ve been around the block enough times to spot a significant shift...
Continue Reading
Top 5 Most Recently Viewed Articles
AKVA Group ASA Initiates Share Buyback Program In a recent announcement, AKVA Group ASA has taken a significant step towards enhancing its shareholder value by initiating a buyback program for up to 60,000 of its own shares. This strategic move is part of the company's plan to reinvest in its workforce through an employee share program, thereby fostering a stronger...
Continue Reading
SecureSave Achieves Major Milestone in Emergency Savings SecureSave, a prominent provider of workplace Emergency Savings Accounts (ESAs), has recently announced that its users have accumulated over $100 million for unforeseen expenses. This remarkable achievement underscores the vital role SecureSave plays in offering individuals an enhanced level of financial security...
Continue Reading
Canoe EIT Income Fund Declares October Distribution Update CALGARY, Alberta, October 2024 — Canoe EIT Income Fund (the "Fund") (TSX - EIT.UN) is excited to announce a monthly distribution of $0.10 per unit for October 2024. This distribution will be available to unitholders of record on October 22, 2024, and will be payable on November 15, 2024. About Canoe EIT Income...
Continue Reading
Understanding the Lawsuit Against Mullen Automotive Mullen Automotive, Inc. (NASDAQ: MULN) is currently at the center of a class action lawsuit initiated by a prominent law firm specialized in shareholder rights. This legal action comes as a response to allegations of misconduct that may have impacted the company’s investors. What Sparked the Legal Action? The class...
Continue Reading
Global-e Announces 2025 Investor Day Global-e, the innovative platform leading the charge in global direct-to-consumer e-commerce, has set the date for its 2025 Investor Day. This exciting event is scheduled to take place on Tuesday, March 11, 2025, at 9:30 a.m. ET, providing a valuable opportunity for investors to gain insights directly from the company’s leadership....
Continue Reading