The Fort Worth Press - Far-right threatens to scare off German industry's new talent

USD -
AED 3.673001
AFN 67.999917
ALL 88.849859
AMD 387.360185
ANG 1.802868
AOA 936.500515
ARS 965.219801
AUD 1.447995
AWG 1.8
AZN 1.69843
BAM 1.758101
BBD 2.019776
BDT 119.537957
BGN 1.74937
BHD 0.376846
BIF 2895
BMD 1
BND 1.289137
BOB 6.91267
BRL 5.450958
BSD 1.000315
BTN 83.687537
BWP 13.14486
BYN 3.273675
BYR 19600
BZD 2.01636
CAD 1.342235
CDF 2865.497417
CHF 0.84201
CLF 0.033114
CLP 913.729897
CNY 7.031099
CNH 7.001025
COP 4148.75
CRC 519.304238
CUC 1
CUP 26.5
CVE 99.339738
CZK 22.41603
DJF 177.719636
DKK 6.664985
DOP 60.375
DZD 132.381242
EGP 48.709103
ERN 15
ETB 120.075003
EUR 0.89371
FJD 2.18445
FKP 0.761559
GBP 0.744845
GEL 2.724973
GGP 0.761559
GHS 15.849808
GIP 0.761559
GMD 68.498728
GNF 8622.999731
GTQ 7.732482
GYD 209.285811
HKD 7.783105
HNL 24.870431
HRK 6.799011
HTG 132.194705
HUF 352.3295
IDR 15122.9
ILS 3.757575
IMP 0.761559
INR 83.57575
IQD 1310
IRR 42092.512009
ISK 135.029785
JEP 0.761559
JMD 157.85878
JOD 0.708701
JPY 143.154501
KES 129.000058
KGS 84.222201
KHR 4075.000537
KMF 441.949992
KPW 899.999433
KRW 1324.545006
KWD 0.30513
KYD 0.833655
KZT 479.751899
LAK 22082.497505
LBP 89600.000103
LKR 303.096768
LRD 193.875028
LSL 17.33996
LTL 2.95274
LVL 0.60489
LYD 4.750338
MAD 9.672966
MDL 17.46056
MGA 4544.99998
MKD 55.040004
MMK 3247.960992
MNT 3397.999955
MOP 8.021934
MRU 39.719816
MUR 45.87012
MVR 15.359766
MWK 1735.999911
MXN 19.31945
MYR 4.1385
MZN 63.850258
NAD 17.34006
NGN 1634.605683
NIO 36.775023
NOK 10.39503
NPR 133.899951
NZD 1.574419
OMR 0.38494
PAB 1.000315
PEN 3.771041
PGK 3.91725
PHP 55.93298
PKR 277.850526
PLN 3.800715
PYG 7785.51845
QAR 3.64075
RON 4.446005
RSD 104.627987
RUB 92.775539
RWF 1342
SAR 3.751693
SBD 8.309731
SCR 12.725031
SDG 601.490798
SEK 10.083035
SGD 1.282455
SHP 0.761559
SLE 22.847303
SLL 20969.494858
SOS 570.999886
SRD 30.249005
STD 20697.981008
SVC 8.752753
SYP 2512.529936
SZL 17.340423
THB 32.557009
TJS 10.633467
TMT 3.5
TND 3.057497
TOP 2.342098
TRY 34.110995
TTD 6.806598
TWD 31.718497
TZS 2730.99963
UAH 41.330487
UGX 3700.840487
UYU 41.70974
UZS 12765.000116
VEF 3622552.534434
VES 36.764396
VND 24605
VUV 118.722009
WST 2.797463
XAF 589.650771
XAG 0.031133
XAU 0.000376
XCD 2.70255
XDR 0.739988
XOF 589.49161
XPF 107.299323
YER 250.296448
ZAR 17.261325
ZMK 9001.193995
ZMW 26.533327
ZWL 321.999592
  • NGG

    -0.3700

    70.11

    -0.53%

  • RBGPF

    3.1000

    60.1

    +5.16%

  • CMSC

    0.0299

    25.1

    +0.12%

  • RYCEF

    0.0100

    7.07

    +0.14%

  • SCS

    0.1100

    13.12

    +0.84%

  • RELX

    -0.3300

    48.53

    -0.68%

  • GSK

    0.1200

    40.98

    +0.29%

  • CMSD

    0.1150

    25.12

    +0.46%

  • VOD

    -0.0200

    10.09

    -0.2%

  • BCC

    0.1300

    141.78

    +0.09%

  • AZN

    -0.2700

    76.87

    -0.35%

  • BTI

    0.2000

    38.1

    +0.52%

  • BCE

    0.0300

    35.13

    +0.09%

  • RIO

    2.8400

    67.42

    +4.21%

  • JRI

    0.1200

    13.42

    +0.89%

  • BP

    -0.0300

    32.83

    -0.09%

Far-right threatens to scare off German industry's new talent
Far-right threatens to scare off German industry's new talent / Photo: © AFP

Far-right threatens to scare off German industry's new talent

In its search for sorely needed talent, German chipmaker Infineon is looking as far as Guatemala, but the rise of the far-right at home risks making the move unappealing and harming the industry.

Text size:

The semiconductor group has plans for a new five-billion-euro ($5.4-billion) factory in eastern Germany -- and it is not the only one.

Backed by huge government subsidies, US chipmaker Intel is planning a plant in the city of Magdeburg, while the Taiwanese giant TSMC will put down roots in Dresden.

For all the region's advantages -- a good position in the heart of Europe and an established industrial base -- its politics could yet be a drag.

In Saxony, which already hosts the biggest concentration of chipmakers in Europe, the far-right Alternative for Germany (AfD) party is polling over 30 percent ahead of European and regional elections later this year.

Success for the AfD risks "holding back our growth potential", Frank Boesenberg, the head of regional industry lobby group "Silicon Saxony", told AFP.

According to the group's estimates, chipmakers in Saxony will have 25,000 jobs to fill by 2030, while the local working-age population will shrink by 300,000.

"There are too few young people in the region," said Boesenberg. "We need immigration."

However, the anti-immigration politics of the AfD could put off potential recruits and damage the industry.

"A policy of isolation is a threat to prosperity," Infineon's CEO Jochen Hanebeck warned on professional social network LinkedIn.

- Relocation -

As it stands, the large majority of the industrial capacity to produce semiconductors -- used in everything from electric cars to smartphones -- is in Asia.

But recent supply disruptions and rising geopolitical tensions in the region have prompted a rethink in the United States and Europe about depending on imported chips.

The result has been a concerted effort to relocate supply closer to home, leading to a flood of investments into areas like Saxony.

About 68 percent of German managers fear the country could become less attractive to foreign workers if the far-right gains in strength, according to a poll by the IW Koeln think tank.

January's revelations by investigative outfit Correctiv that AfD members discussed a mass deportation plan at a meeting of extremists sparked a wave of protest in Germany.

But companies had been warning well before the controversy that the AfD poses a risk to business.

Stefan Traeger, the head of Jenoptik, a producer of optical components for chipmakers, told German weekly Spiegel in December that if the industry was no longer able to find "the right people", the impact could be felt on the bottom line.

- 'The biggest challenge' -

A lack of suitable workers was "the biggest challenge" facing Germany's industry, according to Economy Minister Robert Habeck.

The country will need a total of five million extra workers by 2030 to cover the shortfall in all sectors, according to IW Koeln.

At Infineon's new factory in Dresden, which should begin production in 2026, the group expects to hire 1,000 new workers.

Foreign workers will be an important "building block" on the way to achieving that target, Tom Geyer, Infineon's local head of human resources, told AFP.

The group's workforce in Dresden, who oversee highly automated industrial processes, already has representatives from a few dozen nationalities.

To find the potential new hires and bring them to Germany, Infineon has signed deals with training institutions in Guatemala and is organising language courses and help with housing for new arrivals.

But despite the far-reaching recruitment campaign, "it's a challenge in a competitive market to find trainees", said Geyer.

N.Patterson--TFWP