The business has announced a major development. [OR] A significant update has been shared by the organization. [OR] There's breaking news from a prominent company. - Würth's investments at stake following AfD's victory
The business mogul Reinhold Würth, commonly referred to as "The Screw King," has expressed discontent with the performance of the AfD party in the European elections, leading him to ponder potential implications for his business in Germany.
In Kuenzelsau, Hohenlohekreis, the party received 20.6% of the votes. When asked about this trend on Deutschlandfunk, Würth expressed concern, mentioning that "as merchants, we need to be cautious about where and how we invest" if this trend continues at this rate. This would mark a significant shift for the Würth company, which may now examine and weigh its options regarding further investments in Germany or potentially relocating to another country.
"We'd face huge issues if we didn't have our foreign employees," remarked the 89-year-old billionaire and chairman of the company with over 27,000 employees in Germany. He estimates that approximately 30% of the workforce hails from other countries, making their departure a dire consequence.
In response to the AfD's demands for repatriation, Würth explained during a recent interview with Deutschlandfunk, "We'd have huge problems if we didn't have our foreign employees." He emphasized that these individuals play a crucial role within the company, and their absence would result in grave repercussions for the business.
Before the election, Würth had warned his employees in a lengthy letter not to vote for the AfD. The family-owned company owner cautioned potential protesters, arguing that "voting for the AfD just for fun and out of anger toward the traffic light government isn't enough."
The AfD's agenda, particularly their advocacy for forced repatriation, has troubled Würth. The entrepreneur observed, "In Germany, no one should go hungry or freeze," maintaining that it is customary for people to enjoy a relatively free life in the country. Würth's experience began at the age of 14, when he apprenticed under his father's small business. He assumed control of the business at 19 years old. Today, the billionaire heads a global trading company with over 87,000 employees.
