Germany ranks seventh with regard to labour costs 24. April 2008 by Thomas Jannot In the year 2007 private German companies paid 29.10 Euros per working hour. Thus, in Europe German labour costs rank 7the behind Denmark, Sweden, Belgium, Luxembourg, France and the Netherlands. Denmark had the highest costs with 35.00 Euros per hour while in Bulgaria these costs were lowest with 2.10 Euros. This was revealed through calculations …
Lack of 70,000 engineers costs 7 billion Euros 24. April 2008 by Thomas Jannot According to the Association of German Engineers (VDI), about 70,000 vacancies for engineers could not be staffed in the year 2007. This is an increase of by 45% as compared to the year 2006. The VDI estimates that this huge lack of experts costs the German economy more than 7 billion Euros per year. These …
Economy expected to grow by just 1.7 percent 23. April 2008 by Thomas Jannot According to the spring forecast by the Institute for the German Economy (IW) in Cologne, the economic upswing in Germany is losing momentum. GDP in real terms is expected to grow by 1.7% this year and by only 1.4% next year. The IW study, however, also shows that the German economy is not losing all …
More and more female and older managing directors 21. April 2008 by Thomas Jannot Currently there are 921.982 managing directors working in about 800.000 companies registered in commercial registers. This corresponds to an increase by 4.0% as compared to April 2007 (886.934). Among these managing directors there are currently 771.427 men (80.5%) and just 150.555 women (19.5%). Nevertheless, the percentage of female directors is increasing. Another trend is a …
Complete songs replace ring tones for mobile phones 18. April 2008 by Thomas Jannot Ring tones for mobile phones are out, complete songs are in! Over the last year Germans loaded 5.2 million songs down to their mobile phones which is 53% more than in the previous year. This song hype increased turnover of sellers by 30% to 8 million Euros, as was reported by the Association for Research …
Turnover in hotel and restaurant industry up by 2.7 percent in February 18. April 2008 by Thomas Jannot According to the Federal Statistical Office, the German hotel and restaurant industry generated 5.3% and 2.7% in nominal and real terms respectively in February 2008 as compared to February 2007. In comparison with January turnover increased by 1.4% and 1.5% respectively after adjustments for calendar and season. January and February combined the increase in turnover …
New record surplus for German foreign trade 17. April 2008 by Thomas Jannot German exports surpassed imports to Germany by 25.4% on a value basis and led to a surplus of 196.5 billion Euros. Thus, Germany’s foreign trade surplus hit a new record high in the year 2007. These figures, however, are still provisional ones published by the Federal Statistical Office.
Executives increasingly worried about CEO salaries 17. April 2008 by Thomas Jannot One out of three executives are worried about the exorbitant salary of their chief executive officer. This fact was revealed through the “Executive Quiz” study by the Korn/Ferry International. Back in 2007, a similar survey showed that just 21% of executives held this opinion.
2.7 percent more employment in processing industry 17. April 2008 by Thomas Jannot At the end of February 2008 there were about 5.3 million people employed in companies with at least 50 people in the processing industry. According to the Federal Statistical Office, this corresponded to a plus of 141,000 or 2.7% more people than in February 2007. The biggest increase was registered in the field of mechanical …
Half of all high-tech companies to take on new staff 17. April 2008 by Thomas Jannot 73% of German information and telecommunications companies (ITC) expect turnover to increase. 17% think that their sales are going to remain unchanged and just ten percent believe that turnover is going to fall. This will affect the labour market: fifty percent of ITCs want to employ more people. These figures are from a current survey …