Germany Vows to Protect Steel Industry and 115,000 Jobs Amid Global Pressures
Federal Labor Minister Bärbel Bas (SPD) has underscored the significance of the steel industry to Germany's industrial prowess and economy. She expressed the federal government's steadfast support for the sector, which sustains 115,000 jobs and entire regions.
Bas stated that the government stands firmly behind Germany as a steel production hub, aligning with the companies and their employees. She emphasized the importance of the steel industry for Germany's industrial status and reaffirmed the government's commitment to securing its future.
At the recent steel summit, Bas focused on safeguarding the future of German steel production. She stressed the need for affordable energy, protection against cheap imports, and joint efforts by government, employers, and employees to ensure competitiveness and climate neutrality in the sector. The goal is to maintain fair competitive conditions, protect the industry from cheap imports, and ensure affordable energy.
Bas called for a clear commitment to the future of the steel industry from the upcoming Steel Summit. She emphasized the need for a robust partnership between businesses, workers, and the federal government to reconcile competitiveness and progress towards climate neutrality in the sector.
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