Vorsprung Durch Technik – still on course?

This common phrase meaning advancement through technology has always been used as a slogan for the German automotive industry but often as an indicator of the general strength of the German economy within the Eurozone.

Therefore, it’s slightly surprising to see figures indicating that there has been a slight increase in the level of unemployment in Germany. A recent report on BBC News Business highlighted that the number of people out of work in Germany unexpectedly rose by a seasonally adjusted figure of 25,000 in September to just under 3,000,000. The explanation given by the Federal Labour Office (FLO) is that there has been a cut in the number of government job schemes and labour market policies are now providing less relief to employers in taking on new workers.

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This information is intended as a general discussion surrounding the topics covered and is for guidance purposes only. It does not constitute legal advice and should not be regarded as a substitute for taking legal advice. DWF is not responsible for any activity undertaken based on this information.


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