Eliminate repetitions: Heil urges crisis-stricken corporations like Thyssenkrupp and VW to consider.
"The SPD politician underlined the need for a resolution," he stated. "It's high time we gather and figure out this resolution." His statement to the businesses was clear: "Jobsites need to be safeguarded, and job losses due to business circumstances need to be prevented."
However, the minister made it clear that corporations shouldn't expect government aid. "In a social market economy, the government can't bail out every business blunder with taxpayers' funds." The federal administration is assisting by enhancing business environments, such as through the growth initiative.
Discussions about plant closures and layoffs at Essen's Thyssenkrupp corporation are on the table, in light of selling the troubled steel division. Last week, Volkswagen caused a buzz with the possibility of plant shutdowns. The automotive component supplier ZF from Friedrichshafen is struggling under the financial burden of transitioning to electric vehicles.
Other industries, like Thyssenkrupp and ZF, are also facing challenges due to shifts in technology. It's crucial for these companies to explore alternative solutions other than relying on government aid.
