‘Another German employment miracle’

Published on 28 May 2013 at 10:43

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Germany’s top 30 Blue Chip [DAX] companies created 36,909 new jobs in 2013, according to calculations made by German financial daily Handelsblatt, based on an analysis of their company reports. This represents a “considerable increase” compared with the previous year, the paper notes.
“Germany’s largest publicly quoted firms are contributing to the new employment miracle, which began in 2009 with the rise in plant slowdowns aimed at avoiding massive layoffs,” the paper reports. The trend has marked a change in German employment policy. Long accused of “relocating activity in order to increase profits, […] firms are no longer presenting themselves as stateless but as patriots,” the paper says.

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