Germans Get Jobs for Life as Export Boom Shrinks Worker Pool
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Germany’s export-driven industry is embracing an asset closer to home: domestic workers.
BASF SE, the world’s largest chemicals maker, last month followed Siemens AG in granting job security for the 33,000 workers at its Ludwigshafen plant. Siemens, the biggest German company by market value, said in September it will indefinitely secure locations and jobs for all its 128,000 domestic employees in the most sweeping concession to local workers yet. Utility E.ON AG and carmaker Porsche AG have similar accords.