Retirement at 70 for some, or a 42-hour week for others? Industry President Siegfried Russwurm says what he prefers.
Industry President Siegfried Russwurm sees longer working hours as a possible remedy for the increasing shortage of workers.
“I personally have great sympathy for an optional increase in weekly working hours – of course with full wage compensation,” said the President of the Federation of German Industries (BDI) of the Funke media group (Online, Saturday). When the baby boomers retire, Germany will lose a lot of workers – and there are already shortages in many places. “A 42-hour week would certainly be easier to implement than a general introduction of the pension at 70,” said Russwurm.
In the discussion about long-term declining income from pension insurance, the economic researcher Michael Hüther had previously spoken out in favor of a 42-hour week as the standard working time. In contrast, the director of the employer-oriented Institute of German Economics (IW) considers raising the retirement age, which is usually discussed as a means of balancing the pension insurance system, to be politically difficult to implement. The unions objected.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
