The captains of German industries are unconvinced by the government’s refugee policy. They see a lot of potential in the numbers of people entering the labor market but warn that language skills and qualifications cannot be bypassed.
German companies have demanded that Britain agrees by next week to an interim phase for its exit from the EU. If no deal is reached at an EU summit, firms must begin planning for a worst-case "hard Brexit."
Displaced people have a hard time finding employment. Five hundred thousand refugees are currently on the job market — and prospects look bleak. A Munich startup has founded a nonprofit temping agency.
The Federation of German Industries (BDI) has urged businesses in this country to draw up plans for an unregulated exit of Britain from the EU, meaning the UK leaves the bloc without a deal to shape future relations.
In 2016, Chinese investors took over more companies in Europe than in the previous four years combined, most of them in Germany. The trend did not continue in 2017 but that was not due to any tightening of Chinese belts.
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