Deutsche Bank CEO Urges Germany to Ease Labor Laws
Christian Sewing urged the German government to accelerate economic reforms and lower employment protection thresholds to maintain national competitiveness.
Deutsche Bank CEO Christian Sewing called on the German government to accelerate structural economic reforms and introduce more flexible labor laws to preserve national competitiveness. In an interview with Bild am Sonntag, Sewing criticized the coalition government led by Chancellor Friedrich Merz for failing to act decisively despite an accurate identification of the country's economic challenges.
Sewing specifically proposed lowering the 180,000 euro annual salary threshold for certain employment protections. He argued that this change would allow businesses to adapt their workforces more efficiently in response to technological and economic shifts.
Beyond labor laws, Sewing warned that political compromises and the rise of extremist parties in recent state elections create significant risks for Germany's economic future. He urged established democratic parties to implement credible, growth-oriented reforms to stabilize the nation's economic prospects.
