German companies hone tools to defuse demographic time bomb
Wuppertal
FOR more than 130 years, Knipex, a family-owned company in western Germany, has made pliers for craftsmen around the world. Recently, it has developed a different set of tools to help it cope with an ageing workforce and skilled labour shortage.
The management toolkit includes above inflation wage rises, subsidised meals and an on-site nursery, as well as training for older workers to operate machines doing work that they used to do and flexible working conditions beyond the statutory minimum.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Macau casinos remain resilient in April as consumers seek fun
Japan may introduce tax breaks to spur repatriation into yen: Sankei
Asset owners can’t afford to sidestep sustainability
Japan should leave the yen bazooka at home
South Korea’s export growth picks up, supporting outlook
China says Hamas and Fatah express will for reconciliation