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DGB calls for higher investment against economic slowdown

There is trouble brewing in the German economy, many industrial companies are preferring to invest abroad, if at all. The GermanTradeUnion Confederation (DGB) is calling for strong counteraction from politics - even in Bavaria.

The Bavarian DGB chairman Bernhard Stiedl demands higher investments, among other things, in...
The Bavarian DGB chairman Bernhard Stiedl demands higher investments, among other things, in infrastructure and housing construction.

- DGB calls for higher investment against economic slowdown

To combat the persistent economic downturn, the German Trade Union Confederation (DGB) Bavaria demands increased investments in energy supply, education, infrastructure, housing construction, and healthcare in the Free State. It rejects tax cuts for companies, reductions in social benefits, and deregulation of the labor market.

Annual investment needs in the billions

"Only through social solidarity and investments in people, not in profits, can sustainable economic recovery be achieved," said Stiedl. The trade unionist referred to a DGB study on structural policy in Bavaria, which found that the annual investment need in energy, infrastructure, housing, and health in the Free State is 22 billion euros.

Stiedl highlighted infrastructure and housing construction. "We need massive investments in public transport, road networks, and digital infrastructure to meet the demands of the 21st century," demanded the Bavarian DGB chairman. Without higher investments in social housing, he warned, more people could face precarious housing situations or even homelessness.

"The state must fulfill its responsibility"

The DGB responded to discussions about a longer working life and the reduction of citizen's income and other social benefits. "The state must fulfill its responsibility and, with the necessary investments, shape a future that ensures prosperity, security, and justice for all people here," demanded Stiedl.

"To effectively cope with the economic downturn, it's crucial that the state augments its investments in energy supply, as suggested by the DGB Bavaria," stated a representative.

"The future prosperity of our society relies on substantial investments in energy supply, a responsibility that the state must uphold to ensure a sustainable and equitable future for all," the DGB Bavaria asserted.

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