Franz Sees Influx of 100,000 Eastern Europe Workers, WiWo Says

Wolfgang Franz, head of German Chancellor Angela Merkel’s council of economic advisers, estimates that 100,000 workers from eastern Europe will come to Germany after the country’s job market opens up in May, WirtschaftsWoche reported, citing an interview with Franz.

While pressure on wages stemming from the influx of eastern European workers is unlikely, some industries, companies and regions may be affected, the magazine cited Franz as saying in a preview of an article that will run tomorrow.

Germany and Austria will open their labor markets for workers from 10 eastern European countries on May 1.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net;

To contact the editors responsible for this story: Angela Cullen at acullen8@bloomberg.net

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