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Siemens ag share price euro
Siemens ag share price euro












Over the next decade, the labor supply will shrink by 3 million people, or 7%, unless retiring Germans are replaced by a significant influx of migrants. Without a major shift, Germany’s labor force will shrink dramatically in the coming years, undermining economic growth, boosting inflation pressures and posing especially tough challenges to the manufacturing firms like Schuko that are the backbone of Europe’s biggest economy. “The foundation for further prosperity growth is crumbling." “Those days are over,” the development bank KfW declared earlier this year.

siemens ag share price euro

“The main missing input is labor.”Īccording to modelling by a German government research institute, sometime round about now, the country’s 47 million-strong workforce is going to stop growing. Perhaps it already has.Īnd that moment will be the high-water mark of an economic super cycle that transformed a country ruined by war into a manufacturing powerhouse and one of the world’s richest countries. Whatever comes next, an era in which successive generations of Germans saw their living standards lifted by the steady expansion of the workforce is drawing to a close. For Schulte-Suedhoff’s family-owned firm, Schuko, and thousands of others across Germany, such bottlenecks are becoming increasingly common and increasingly damaging. “That’s quite bizarre,” the 46-year-old executive said in an interview last month. But with the 200-strong workforce short of as many as 15 staff and financial penalties due if they failed to deliver, there was no other option, he said. (Bloomberg) - As his workers raced to meet a recent deadline, Andre Schulte-Suedhoff did something he hadn’t done in more than 20 years - he joined the production line at his factory near Munster and spent his weekend screwing together air-filter equipment.














Siemens ag share price euro