Job boom: The end of the golden era on the job market

JFor decades the German labor market looked like the “superman” of the labor markets. Around the globe, and not least in Europe, many nations have repeatedly struggled with a decline …

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Virus as a wealth booster: super-rich rake in billions despite the crisis

Saturday 19th September 2020 In the pandemic, the gap between rich and poor is widening even faster. Since March, the US Billionaires Club has got a whopping trillion dollars richer. …

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“Surrender to the crisis”: employers reject four-day proposal

In order to survive the Corona crisis, many companies are using the red pencil – at the expense of the workforce. IG Metall suggests agreeing a four-day week as an …

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Ifo business climate index falls to record low

Berlin The mood in Germany’s economy is catastrophic. The most important leading indicator, the Ifo business climate index, fell from 85.9 to 74.3 points in April. This is the lowest …

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Low earners get away the worst with short-time work benefits

Frankfurt The coalition committee has decided to increase short-time work benefits to 70 and 77 percent of the net wage loss from the fourth month. However, calculations by Lorenz Jarass …

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Car makers are becoming even more dependent on China

Nobody can yet estimate the damage caused by the corona crisis. The VW group is already calling for purchase premiums for new cars, flanked by unions and those prime ministers …

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Unemployment in Italy and the USA increases dramatically

Closed business in the United States Since the start of the corona crisis, over 26 million US workers have registered as unemployed. (Photo: AP) Rome, Washington Not only in Germany, …

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Almost a fifth of the companies want to cut jobs

Berlin Daimler– HR Director Wilfried Porth didn’t gloss over anything: “Obviously something is breaking away at the moment that no one knows if it can be caught up,” the manager …

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Daimler posted a drop in profits of almost 80 percent in the first quarter

Daimler The carmaker has shut down its production for almost four weeks. (Photo: Reuters) Stuttgart The car maker Daimler has to accept a significant drop in profits due to the …

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Hubertus Heil does not want to become candidate for chancellor of the SPD

Hubertus Heil The SPD politician does not want to be the top candidate of his party. (Photo: AFP) Osnabruck Federal Minister of Labor Hubertus Heil does not want to run …

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