German medium-sized companies abroad: Martin Herrenknecht warns of losing their homeland

German medium-sized companies abroad: Martin Herrenknecht warns of losing their homeland

The renowned German medium-sized businessman Martin Herrenknecht, founder of an international global corporation, expressed critical views on current economic policy in Germany. Despite manufacturing its tunneling machines in Baden, Herrenknecht sees the future of his company abroad. He emphasized that the traffic light government's policy, which distributes financial resources over a large area, leads to domestic companies making more investments abroad. Herrenknecht supports the decision of companies to leave their homeland because he sees measures such as citizens' benefits and demands for wage increases of 12.5 percent and a four-day week as problematic.

Herrenknecht's statement underlines concerns about economic policy in Germany, which is perceived as inflexible and burdensome for companies. The demands for significant wage increases and shortened working hours are putting companies under pressure and could endanger the competitiveness of Germany as a business location. Herrenknecht referred to other countries where longer working hours and less regulated working conditions prevail, which increases the attractiveness of these locations for entrepreneurs.

Martin Herrenknecht's statements illustrate the challenges that medium-sized companies in Germany face. The criticism of the traffic light government and its political decisions reflects the concern that the attractiveness of Germany as a location is being diminished by excessive regulations and social measures. Herrenknecht emphasized that the policy was endangering the current reputation of “Made in Germany” and that alternative locations were becoming increasingly attractive due to more flexible working conditions.