Employers worry about the consequences of the budget crisis

Finances - Employers worry about the consequences of the budget crisis

In the debate on solutions to the federal budget crisis, metal employers and IG Metall in the north are calling for quick decisions and cohesion between all democratic parties in government and opposition. "Now is not the time for electoral tactical profiling," reads a joint statement issued by the trade union and the employers' association Nordmetall in Hamburg on Friday. "The democratic parties in government and opposition must find a joint and viable solution as quickly as possible that enables long-term investment in the future and secures the transformation of the industry."

Employers and the trade union are concerned that the discussion about how to deal with the budget crisis is promoting anti-democratic forces. It is true that politicians themselves are responsible for the budget crisis. "But we must prevent the opponents of our democracy from making political capital out of it. Solutions must therefore be found to further stabilize our society and keep it together."

Following a ruling by the Federal Constitutional Court, there is a large gap in the federal government's finances. The court had declared the reallocation of coronavirus loans of 60 billion euros from the 2021 budget to the Climate and Transformation Fund null and void. Many programs for the climate-friendly transformation of the economy are financed from this special fund.

"Neither the accumulation of further debt nor cuts in state benefits alone can help," says the statement from the metalworkers' employers and trade union. "We must stand up for our democracy together and fight against anti-democratic activities in society and companies."

In their view, the transformation of the German economy, which is necessary in view of revolutionary technological developments, geopolitical restructuring and climate change, is at stake - and with it many jobs.

"The Federal Constitutional Court's ruling on the climate and transformation fund and the associated discussion about government budget policy is creating additional uncertainty for employees and companies." Companies and employees now need planning security. "Necessary promised funds, including for possible new relocations, must be confirmed immediately and further financial and human resources mobilized for the transformation of the economy in the coming years."

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1. The metal employers and IG Metall in Bremen, Lower Saxony, Schleswig-Holstein, Mecklenburg-Vorpommern, and Hamburg urge the Federal Government to act swiftly and collaboratively to address the budget crisis, emphasizing the importance of investing in the future and supporting industry transformation.
2. The joint statement from Nordmetall emphasizes that the discussion about financing solutions must not provide opportunities for anti-democratic elements, as they fear the political capitalization on the budget crisis by opponents of democracy.
3. The Federal Constitutional Court's decision to void the reallocation of 60 billion euros from the 2021 budget to the Climate and Transformation Fund has created a significant financial gap in the federal government's finances, potentially impacting climate-focused transformations in various industries, including metal.
4. The budget crisis and associated policy discussions have raised concerns among employers and metalworkers' unions, who implore the democratic parties to collaborate and find a swift and viable solution to stabilize societal structures and safeguard jobs due to the transformation needed in response to technological advancements, geopolitical restructuring, and climate change.
5. The metal employers and trade unions express their shared concern about the consequences of the budget crisis on the democratic process and society, reiterating the need for joint efforts to counteract anti-democratic activities in both society and companies.
6. Addressing the budget crisis and financing the German economy's transformation are pivotal to preserving future prospects and securing jobs, as indicated by metal employers and IG Metall, calling for immediate confirmation of necessary funds and mobilization of human and financial resources for economic transition.
7. In response to the Federal Constitutional Court's ruling and the uncertainty it has created, employers and employees in the metal industry are demanding planning security, as potential new relocations and necessary funds need to be confirmed to ensure a smooth and sustainable transition in the face of technological and environmental challenges.
8. The budget crisis and impending policy decisions have implications not only for the metal industry but also for other federal states and the overall direction of the country's economy, making cooperation between the democratic parties essential to promote overall stability and growth.

Source: www.stern.de