The Federal Employment Agency has clarified on its website how companies in Germany can receive short-time work allowance as a result of the US tariffs. We inform you about the requirements.
The current edition of our M+E economic report shows that the recession in the Bavarian M+E industry has further worsened. Due to a lack of orders, more and more companies have to reduce production and cut jobs.
Bavarian exports of M+E products totaled 150 billion euros in 2024, which was 2.8 percent less than in the previous year. Especially to China, there were fewer deliveries. The USA was once again the largest export market for Bavarian M+E products.
In light of the recent tariff announcements by the U.S. government, we highlight the importance of trade and investment relations between the U.S. and Bavaria. In 2024, the United States has been Bavaria’s second most important trading partner after China.
The clear result of the German election establishes the conservative parties CDU/CSU as the strongest force. vbw now expects them to form a government swiftly so that the necessary economic turnaround can take place quickly and effectively.
Three years into Russia’s illegal war against Ukraine, the EU is enacting another package of economic sanctions against Russia by targeting vital sectors of the Russian economy.
The economic situation in the Bavarian metalworking and electrical industry remains bleak, with no prospect of improvement. These are the findings of our latest survey, which covered 213 bayme vbm member companies in Bavaria with a total of 227,000 employees.
On January 10, 2025 the Biden administration took comprehensive measures to fulfill the G7 commitment to reduce Russian revenues from energy. We explain what companies operating in the energy sector need to know.
On November 12, 2024, employers and trade unions reached a pilot agreement for the Northern and Bavarian collective bargaining area in Hamburg during the fourth negotiation round. We inform you about the core content.
