The president of Gesamtmetall views the situation in the metal and electrical industry as dramatic and expresses doubts about the upcoming meeting with social partners.
Udo Dinglreiter, president of the employers' association Gesamtmetall, criticized the meeting planned by Chancellor Friedrich Merz with social partners. He stressed that it would only be useful if all parties showed genuine willingness to find solutions. Otherwise, valuable time would be lost.
The metal and electrical industry, which accounts for about two thirds of German industry, faces major challenges. Dinglreiter warned of further job losses and a downward spiral that would reduce tax revenues. He expects fewer jobs soon than after reunification.
Chinese investments in the EU would bring no benefits to Germany, as they mainly flow to other countries. This would create new competitors there with better conditions, Dinglreiter said in the Handelsblatt interview.
