“We also have to create new jobs”

Enzo Weber

The professor heads the research area forecasting and macroeconomic analysis at the Institute for Labor Market and Vocational Research (IAB).

(Photo: picture alliance / IAB / dpa)

Enzo Weber is head of the research area forecasting and macroeconomic analysis at the Institute for Labor Market and Vocational Research (IAB), the think tank of the Federal Employment Agency (BA). The professor also holds the chair for empirical economic research, in particular macroeconometry and the labor market, at the University of Regensburg.

Mr. Weber, everyone is talking about short-time work and layoffs, and you are suggesting that the state should pay social security contributions for newly created jobs by the end of the year. How does that fit together?
The government is currently doing everything it can to save existing jobs – with short-time work, help for small business owners and more. That is absolutely correct. But we also have to ensure that new jobs are created. Even so that those who are now losing their jobs in the crisis do not remain unemployed for long. The labor market collapses not only when workers are laid off, but also when there are no new hires.

Why do you start with your proposal for social contributions?
In contrast to a reduction in wage tax, which is progressive, jobs with a rather low income are also effectively promoted. The model is much more targeted and effective than simply increasing government spending after the end of the corona crisis to boost the economy. The federal government should reimburse social security for the loss of income.

The state is already spending unimaginable sums. How much would it cost to promote new jobs?
If the state took over social security contributions for new jobs that lasted at least six months for a period from May to the end of December, that would cost us just under twelve billion euros. But they are very well laid out.

Who thinks of new jobs in the crisis?
Most of the economy is working and the shutdown won’t last forever. And who – according to this logic – should have stopped in the world financial crisis? But millions of new jobs were still created in the 2009 recession year.

More: Read here what the corona crisis means for the labor market in Germany.

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Amazon creates 350 new logistics jobs in Germany

Amazon logistics center in Dortmund

Since this week, important everyday goods in Germany have been prioritized not only in the incoming goods department at the Amazon logistics centers, but also when shipping to customers.


(Photo: dpa)

Hall Amazon needs several hundred additional employees in Germany in the corona virus crisis. In order to meet the demand of people, 350 additional full-time and part-time jobs in logistics are planned, an Amazon spokesman confirmed on Thursday. The 350 new jobs would be created nationwide and the number could not be broken down into individual locations. The “Mitteldeutsche Zeitung” had previously reported on the job creation.

In the United States, Amazon announced the creation of 100,000 full-time and part-time jobs in logistics centers and the delivery network ten days ago. In addition, hourly wages were raised by two US dollars in the USA and two euros in euro countries by the end of April. In Germany it is at least EUR 11.10 gross. At that time, Amazon estimated $ 350 million worldwide for this wage increase.

Since this week, important everyday goods in Germany have been prioritized not only in the incoming goods department at the Amazon logistics centers, but also when shipping to customers, as a spokesman for the “Mitteldeutsche Zeitung” said. In France and Italy, meanwhile, Amazon no longer accepts orders for some items that are not important for everyday life. This also has to do with the fact that the employees in the distribution centers keep more distance from each other in order to reduce the risk of infection, it said at the weekend.

More: Amazon continues to expand its market power in the corona crisis

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Fresenius is arming itself with more intensive care beds for corona crisis

Elios Clinic Stralsund

Of the currently around 28,000 intensive care beds in Germany, almost 1,000 are in the Helios clinics.


(Photo: dpa)

Frankfurt The Healthcare company Fresenius with its 86 hospitals, the rapid spread of the corona virus is surprising and plans to expand the number of its intensive care beds. The development is “much more dynamic” than he expected, said CEO Stephan Sturm the “Wirtschaftswoche”.

He currently sees no bottlenecks. Hygiene items such as masks and gloves are sufficiently available. However, he cannot guarantee that personnel and equipment will suffice at the height of the crisis. But he can assure “that we will do everything humanly possible.”

A “low three-digit number” of corona patients is currently being treated in the company’s own Helios clinics. Fresenius Helios is not only active in Germany, but is also represented in Latin America and Spain through its subsidiary Quirónsalud.

Of the currently around 28,000 intensive care beds in Germany, almost 1,000 are in the Helios clinics. “We will probably not be able to double the number, but we will increase it considerably,” announced Sturm. “We are working on converting operating rooms to intensive care units if necessary and are trying to procure additional ventilators.”

The group’s economic situation is calm. “Our operation continues and our products and services are needed more than ever,” said the head of the Bad Homburg Dax group. With a few exceptions, production is running smoothly, in China the factories are working “again at full speed”.

There is no reason to correct the forecasts. When presenting the 2019 figures in February, the group announced that sales in the current year should increase by up to 7 percent in constant currency and profit by up to 5 percent.

More: Video consultations with Corona patients – Fresenius is upgrading digital services

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Mastercard plans to create 1,500 new jobs in Dublin

MasterCard

The credit card company has posted over a thousand jobs in Ireland.


(Photo: AP)

Dublin The credit card provider plans to hire 1,500 additional employees in Dublin over the next three to five years. In one of the largest job openings for a multinational in Ireland, the workforce will increase from 650 to more than 2,000, the Irish investment development agency IDA said.

Foreign multinationals, particularly in the technology sector, employ about a quarter million people in Ireland, which is one in ten jobs in the fast growing economy. MasterCard said it plans to hire employees in the growing areas of cybersecurity, artificial intelligence, blockchain, and user experience.

More: Customers have to get used to new security procedures in banking.

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