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I'm working at ZF in germany, manufacturing airbag generators. I have a few colleagues who are sick for months at a time. So heres the reason, most firms don't want to go through the severance pay so the man just goes sick as much as possible. When leaving a firm you either do this, or you will need a lawyer to fight for the severance pay. Besides this the whole germany industry is old fashioned and arbitrary, very bad nonsense management with only short term plans.Quality has also left the chatroom for at least a decade now. The government is taxing in so many ways its ludicrous. I live and work in germany for 4 years now, but I plan to just opt out and return to my own country like many foreigners will. When that happens, germany will be left standing with its finger up it's ass.
If you want to return to Hungary, I have bad news...We are even more dependent on German auto than Germany itself! We also have the jobs with low added value that becomes redundant the quickest.
@@f.ferenc88 I thought you were an engineer or line worker. Many of my previous classmates left some years ago, and they told how they want to return, until they get shocked by property prices and inflation.
This was the statement I was looking for. Unbiased, inside, real life statement. Unions, initially thought of as a balancing force, morphed into a monster blob of corruption and hinder. It's a global plague, tbh. We need quality of life and healthy work environments, but this situation is preposterous.
The Balanced Budget obsession is going to be locked back on with regret. Germany should have one of the best, if not the best telecommunications/internet infrastructure in the world. Very misguided
I recognize the hardships that come with economic struggles like unemployment, job loss, inflation, housing market instability, political uncertainties, and the global impact of conflicts and wars. Making ends meet during such times can be incredibly challenging. To navigate this difficult period, considering alternative job prospects, enhancing skills through online courses, and expanding your network can heighten the chances of securing employment. Moreover, prudent budgeting, exploring available financial aid programs, and seeking assistance from community organizations can offer some relief. How are you currently tackling these challenges? Have you implemented any specific strategies to cope?
In my opinion, now is not the moment to rely on hearsay. Every individual, regardless of their level of experience as an investor OR in a financial market, requires guidance at some stage.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Please tell me how can I connect to your advisor. My funds are being murdered by inflation, therefore I'm looking for a more profitable investing strategy to put my portfolio to work.
Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. ''Melissa Terri Swayne” is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
Top reasons +++ staggering inflation 2022-2024 / high/prohibitive financing cost after a ten year "zero-interest" period of 0.5% to 2% from 2013 onward / bureaucracy /high taxation of income and energy / in general: anti-car ownership policies and attitude by politicians and media favouring public transport/bikes/aircraft and penalizing cars with dozens of measures;
@@SunshineShane Low interest rates are always bad. It enables and encourages borrowing just as it is so cheap. Avoids getting better more efficient instead. Most in finance have bad attitudes to debt. Nations too.
@@脏不了 Europe replaced Russian LPG with LPG from USA. Instead of a pipeline, gas must be transported through naval transport and stored. It is 3 times to 4 times more expensive than using a pipeline because US reserves are costly to extract as well.
They stuffed themselves by allowing their master to nerf their cheap energy pipeline - they couldn't have been dumb enough not to know this was gonna happen
Not only Germany's car industry but the entire industry sector was dependent from Russian cheap gas, Now the industry production is currently in crisis due to the closure of that cheap gas also Now No one talks about the loss.
China and piss poor quality in their vehicles is what messed up the German car industry. Russia's gas didn't tip them over. They were already tilting over competing with better asian products from Japan, South Korea and China. Russia was factored out years ago. The Germans had plenty of time to react. It's weak demand for a substandard product just as much as they were charging 100,000 euros for a Lada. Some Mercedes are worse reliability ffs.
😮 7 years ago we bought a VW golf and 1 year later a Audi S3. This year we are replacing both with Tesla Model 3 (made in China) and X-Peng (mare on China) G6... so we went from 2 German cars to 2 Chinese cats.
Main problem: German manufacturers no longer at the cutting edge of technology in most areas; and for car makers, China controls the battery supply and leads in technology. The issues that Sam addresses arise from a car industry run by finance types, not by innovators and engineers.
Finance types: Which is the reason why I swore in 2018 that I would never buy another BMW again. They betrayed their loyal customers by cutting cost & "thievingly" picking our pockets by taking away features, year-after-year - while raising prices at the same time. So naturally they get the middle finger 🕺
@davidinkster1296 it happens here too (USA). As soon as you see the guy with the MBA get appointed, you know the company and the customers are going to get squeezed! Engineers should run auto companies, not penny pinchers!
@@mkedan6741 He doesn't want EU-enlargement. He's also eyeing some EU countries (Baltic states). And actively expanding his influence in other EU member states (Austria, Hungary, Slovakia).
You're presenting the libertarian argument. The idea that it's the workers were much too well paid and much too well taken care of they arecausing the issue. The issue is the cars aren't selling. It is not that the unions exist. The problem is management has decided to make the wrong cars and we all know what that was about. The unions wages and benefits were in homeostasis in the country compared to the sales. What has broken the homeostasis is they had chosen to make the wrong cars.
I agree. It's the failure of the country and leadership. Maybe Trump will rattle their bones. Change is around us daily and when it happens to us, we act surprised! 🤔
He is a centrist so you can probably expect similar takes once he broaches this type of topic. The guy used to vote for Liberals (centre-right) in Australia after all.
No. The wages are FAR above average. If you put fasteners in a VW in the factory you can double your salary compared to putting them in a wardrobe in a little furniture factory e.g.
Er, no Viking is confused again. CLEPA is the European automotive supply association. They say 54,000 job loses have been announced in 2024 in the European supply chain, the majority will be done in the next 2 to 5 years.
Mrs Thatcher said that management is responsible for everything that happens in a company. That includes sickness in a factory being worse than outside. People get sick of incompetent management.
yeah but she destroyed the counties industries and reckt the country. then then till now has been slowly failing for decades and can't recover because all the governments want to do more Thatcher. Thatcher is the way of destroying industries and making human life unbearable.
This is history repeating itself. In the 1960's it was the British car industry that crumbled through high labor costs, inefficient and out dated plants and a long term lack of investment into development. Japan came along with low labor costs, all new plant and a need to develop. At the same time the European particularly German industry got far more involved in the main stream market instead of solely the top end. Now we are seeing the perfect, a major technology change and a new and very aggressive player in the market. China have a number of advantages such as low labor cost, a fiercely loyal home market and a drive to innovate. They have one other critical advantage, no history in the industry. They have not been a long term manufacture in the ICE market and dont have a huge investment in that technology or the extensive and complicated supply chain that it requires which means that they can focus on the new technology without having to support the ICE market as a result the German and Japanese industries will go the same way as the British industry did, largely for the same reasons.
Its not for the same reasons, british car killed itself while the german car industry is killed by green socialists. the whole switch from ICE is political and its paired with higher and higher taxes on energy.
They were crazy to become reliant on gas from such an unreliable supplier. Russia would have switched the gas off anyway at some point whether 2022 or 2032, they always aimed to use it as a weapon.
@@jj9749 there was no problem for 60 or so years...wasnt that reliable? what can thy have done in the past? there was no LNG back then. now theres LNG and its suddenly we have the media story ''unreliable supplier''
It would be like relying entirely on Iran for your oil. Everything is fine .. until it isn't. It is fine to trade with non-friendly countries, but it is not very intelligent to trade with them in items of national security.
Can you share more details about the project you mentioned? I opened a starter deposit and am wondering what to do next on Moonacy Protocol. Any ideas?
Absolutely right, it is so obvious that this is the case. This video even states that German factories are working with old fashioned processes and technologies which mean that their production costs are far higher than those in China. You can see the same approach being taken by management across the world: the workers are always to blame when management and investors screw up. And as for the (Russian and American) bot accounts wanging on about Brussels, migrants, Russian gas and the lack of 'real men' in Europe....you guys are being SO obvious!
@@vincentcausey8498 - the “indolent Germans” is the funniest phrase I’ve ever read. But today’s Germans have tied their own hands at the behest of the clamoring Green mob. I suspect a change is coming ya?
Can't compete with Asia with German domestic made products due to price. No one would buy them and people would get unemployed again on top of making a bunch of Vietnamese people unemployed.
Very high labour costs? Where did you get that data? Today the total cost of MB labour wages amounts to about 003% of the total sale price of an average Benz. That's hourly wage, benefits, pension and paid days off. In Canada....it's less than that . Retired Autoworker - Canada
This is BS and you know that. Count in all the development, HR, every secretary etc. Also the labor cost of all the subcontractors and so on. Then you have the ridiculous worker protection laws here. A "wrong" worker will easily cost you 1 million to make him leave because firing is not possible. Employee costs are a huge factor besides energy costs.
I think you need to compare your labour costs against your competition. and China is your competitor . I doubt Germany with numerous layers of costs built into its labour and administrative systems would be anything but " very high" compared.
We have shit cost of living to income ratio in Canada, if you mean that. Moved out of 3rd world Canada in 2024 into so called 3rd world. Savings are 30% of my single income plus housing is 17% not 2/3s of my income. My spouse is making the nice this year. So long.
It could be that in Germany that workers don't believe they are paid enough money. Because top Executives pay is doubling income, but workers don't get double in pay.
Germany was planning to use two pipelines connecting them to Russia to sell cheap gas to other EU states and make a handsome profit for doing nothing also powering its factories using cheap energy from the same source. It backfired spectacularly. Been to Germany recently in multiple cities and trust me Poland looks more advanced, cleaner , safer and more beautiful by a mile!!! It used to be the other way round
>"It backfired spectacularly" - are you stupid? It didn't destroy itself. Poland built its economy on EU subsidiaries and did that quite well. A bit less paranoia would be nice though. Maybe also crawling back out of the ass of US.....
I have always found it strange that Tesla chose Germany for their European factory - did they not do any fact finding as to how Germany operated? But now I guess they are showing the rest of German OEMs how it should be done.
Agree with the zero sum game. With Chinese brands willing to make a loss on low cost manufacturing there is no way legacy brands paying European workers can compete without protection from the government. Australia is very fortunate we don't manufacture cars. It means no tarrifs and so we get to enjoy affordable good quality EVs. I picked up a new MG4 essence for AUD$38K , that's USD$24k.
It’s a myth that the Chinese car brands are so competitive because they sell it a loss. These companies simply produce higher quality products and have low manufacturing costs due to decades of intelligent investment by the communist party into the supply chain.
Yes. German govt can't even admit to it..Been relying on cheap Russian gas for 30yrs..it's so obvious..No more cheap energy means higher costs, higher inflation, higher cost of living...leads to company cutting costs, jobs.
@@bentchristiansen2533 Please explain how it was suicide, Putin has stated as recently as last year he was willing to keep selling gas through the pipeline your "ally" didn't blow up. As for Trump, he's about selling you LNG at 4 times the price, not that he wants to do you any favors, geez. The German economy survived and thrived only because of that cheap Russian energy and raw materials, otherwise it would have collapsed decades ago.
Greetings from Germany. We do understand that our previous reliance on cheap Russian gas made us a hostage to the vagaries of Putin's ambitions. Things are going to change.
@@mullerstephan We'll change our energy use. Solar and PV for residential heating and medium power consumers and gas for industry. Russia will decline.
CEO'S and Top Executives want millions more money from raising prices. So many recalls add to the next vehicle prices. All because top Executives care more about volume over actual doing enough testing on the vehicle before bringing it to dependable vehicles to market.
This unreasonable, unjust, and unfair greed for more wealth are the very shackles that will be unbearable for them to carry around in the hereafter, of this you can be sure!
Workers should be paid fairly and well, but the CEOs, along with senior management and greedy shareholders, are taking massive amounts of money in dividends and bonuses even when the companies are struggling. They shouldn't take anything when companies hit hard times. Look at some of the large banks and infrastructure building companies that folded right up to the end shareholders and CEO'S were lining their pockets in bonuses right up to the last minutes of the business.
Yes, the facts are that German car companies have had most of these issues for decades, and were getting along nicely, only two things have changed, squeezed out of the Chinese market by a Chinese Government determined to make things harder for foreign Companies, and skyrocketing power prices that have crippled domestic industries, due to 'net zero' obsession and loss of Russian gas.
Russia invading Ukraine and threat to Poland / Germany if not stopped , buying Russia energy keeps the war going . China now buying Russia oil on the cheap , keeping the war going and one of reasons can build cars cheaper
He wants to make it all about cars and EV's , while denying the critical role that cheap fossil fuel energy plays in a countries prosperity and economic performance.
You need to start read German media in order to be able to comment what they are writing. Because you are basically expressing your personal opinion and nothing about what media are writing
While not an exact quote, the closest concept is often attributed to Pablo Picasso, who said, "Every act of creation is first an act of destruction," meaning that to create something new, you often need to dismantle or "destroy" the old first. Key points about this idea: Interpretation: This signifies that significant change often requires breaking down existing structures or ways of thinking to build something better in their place. Application: This idea can be applied to various situations, from personal growth to societal reform, where radical change might necessitate letting go of old patterns.
@@emeldahay If you were copying how to build paper planes for decades whould you not after a while innovate/make it your own atleast a little bit? The chinese copy everything but they also innovate in some areas its literaly impossible not to lmao.
It isn’t like the ‘90s it is a much worse picture than in those days with a massive attitudinal shift in almost every aspect of labour, management and government - hard times ahead I fear!
My German relatives can do as I did, and it's what our grandparents' teachings proved to be best life-long results. My (architecture - free precision hand made plans if needed to understand more) - handyman services prioritize families home improvements cheap or free for years and a dollar store mentality is how I helped many people start the same ways I did, building up your lists of customers and types of practical services for the property owners or anything to help people organize their lives It's not hard to find people who request help or repairs or regular maintenance of lawns or anything else you may feel is possible for growing your own business. Handyman is actually not required to be a registered business but there's options each person may choose, depending upon your location.
Not worth it, spare parts will be a problem later on. ICE cars workshop will slowly close down, maintenance and repairs will be costly. Petrol stations will shut down for lack of business.
they have around 10 percent profit margin on price of the car. Porsche has 20. So 50 percent cut is impossible. They need to have money on new models development too, in the future.
I have recently lost my job in an automotive company Relentless job search, interview juggling with no final selection. Even, 8 of my contact referral couldn't get me a job so far in last 3 months. Really tough time at family and professional life. I speak German C1, 12 years of international worl experience, a Masters from top 100 Global German universities with numerous certification but in many interview, it doesn't even matter. Recruiter are clueless on what to ask and why to ask. Later, give an outstanding reason for rejection whi h ia beyond comprehension. Funny times indeed.
Europe needs to do what the Chinese do- make it virtually impossible to sell any vehicle in China that is not manufactured in China. Europe, follow suit: make the Chinese manufacture their products in Europe, following European environmental and workplace standards= like that ridiculous 35 hour work week.
Do you want to live under the totalitarian Xi boot with Chinese visiting by the bus load spitting and talking loud or enjoy Bundasliga with a nice beer in peace? The choice is obvious but German management has to make an affordable peoples wagon and restart the nuke plants- piss off Electric Wanker!
Again, this is what happens when Governments Dictate products (people don’t truly want), then when the company does produce the products they are producing things that do not appeal to people outside of their home market. Where as their “old school” products were touted as cutting edge and luxury brands.
Energy costs and overregulation have made manufacturing unsustainable in Europe. There would have to be a massive political shift to turn things around.
You sort of misrepresented the report a little bit....According to the CLEPA report, the European automotive supply industry faced significant job cuts in 2024, with a total of 54,000 jobs being cut across the sector. Germany was particularly affected, accounting for approximately 60% of these job losses. This means that around 32,400 jobs were cut in Germany alone,(not 54,000 in Germany alone)
His videos need to be taken with a huge grain of salt. And he has 280k subscribers, meanwhile there are quality channels a fraction of the size. Maybe bots?
There are many reasons they all point back to the same issue....EU regulations. Germany suffered under the Russian sanctions more than any other country country in Europe including Russia. The new green scam, which includes the forced push to EVs in not realistic or workable in the planned economy of the EU. Imagine competing in a World market when you have 32,000 bureaucrats from the European Comission sitting in Brussels planning new rules, regulations and fines to plan every aspects of your company's and employees future. We are witnessing a planned demolition, not simpply unfavorable market forces.
The biggest mistake for Germany was not paying attention that the focal point for car making has become software. Hardware is not so important anymore.
@@5kribbles Software is not about designing complicated touch screens. Software is allowing to install upgrades remotely. Software is making user experience more friendly. Software is preventing failures before they occur…
@ a reliable and dirt cheap electric or plug in hybrid with all analogue interior would outsell every other car on the road. Cars shouldn't need remote software updates, that's the problem. We went through all this before when American cars became bloated and expensive. Then cheap, simple, reliable Japanese cars came to dominate.
I replaced my two bimmers with two Teslas, both made in China. The price and country of origin were not the main consideration though. The Teslas drive better, more features, more efficient, the list goes on. It is hardly the workers fault
Their main problem... is these ridiculous prices. Im not paying 35-40k for a freakin Golf or some other small hatchback, f**k that... Not to mention that forced "green deal" is a major BS.
No, that's across the European supply chain with the majority taking place over the next 2 to 5 years. It would help if Viking had actually read the Clepa article!
Why people call Russian gas "cheap"? It was on par with Chinese and american gas in terms of the price. With Russian gas playing field for Germany, USA, Chin was even. Now Germany is at a huge disadvantage. And China, USA ripping of the benefits.
I stayed in Germany several times and thought it much nicer than the UK at the time. I couldn't go there now, due to their establishment's support for the genocide. I feel sorry for the workers whose livelihoods are under threat, but NO sympathy for the country now.
there is something deeper at play than laziness, more and more people are sick of the current system we are living in, being sick is one of the symptoms of this, it is mostly the only way to expres there discontentment.
The people are paying the price of net-zero. Industry needs cheap, reliable power. Green power is the most expensive and unreliable power available. The good news is that former factory workers will now have time on their hand to explain personally to the ecoloonies exactly what they think of them and their policies.
The only answer is *GMI* ( *Guaranteed Minimum Income* aka *Basic Minimum Income.* ) I'm reminded of an old joke _I'm sorry _*_Mr. Smith_*_ but I don't have an opening at the moment... Merry Christmas to you and your family._
Wow Sam! German EVs are more expensive to produce, but labour costs are a small part of the cost of the whole vehicle. So why are you and the German auto executives only pointing to labour? Because labour is an easy target in the current political climate. Also, it detracts from the other costs: battery, body and chassis, electronics, other components, interiors, factory running cots are all significantly higher in Germany than in China. So, who is at fault there? Management! You have said so in this very channel, so why suddenly single out labour alone? Must German citizens now have their salaries cut to Chinese levels? It's absurd!
Some of this doesn't make any sense as far as calling in sick. They work less than a 40 hour week and when I was at BOSCH, I had 30 paid days of vacation and few more national holidays vs here in the USA. But I was working there over 20 years ago.
Isn't one lof the main reason that for these companies that the EV evolution does not equate growth. Every EV thes sell in one ICE car less. Also EVs are easier to make with less personnel. This is a very logic evolution, not that the sector is going broke.
He’s usually really good with analyzing the car industry but he definitely dropped the ball here. Even if Germany had the most productive labourers on the planet they’d still be getting killed by China and deindustrialize. Neoliberal economics took awhile to gut Germany but it was bound to happen eventually not to mention nordstream.
The entire European Union is a house of cards. Most countries are in huge amounts of debt. Germany has been the only solvent country that is paying for everything but now it is in crisis.
I couldn't under why Tesla built a factory in Germany until I saw their demonstration of Optimus. Humanoid robots won't call in sick, are not subject to German labor laws or benefits.
I saw another RUclips channel talking about this. “Oh, it’s the EV mandates”. 😅 No it’s the manufacturers not keeping up and realizing, mandates or not, Europeans want EVs, just not a ridiculous prices. The real mandate problem is what Sam mentions; mandated jobs. LOL crazy! 😂 Businesses fail all the time. The truth is we don’t need 60 vehicle brands. Jobs shouldn’t be “saved”. Businesses shouldn’t be bailed out. China will crush them. How about building a better product cheaper?
Many problems can be attributed to the saleman heading companies and, the take over of boards by the MBA crowd who have been taught that profit is the only goal, every quarter must see improvement which means personal bonuses. MBAs & salesman bosses have killed the german industry & greed of coarse.
5:10 thats due to burocratic overhead and thats the type of people they are usually attracting and hiring. Even in IT they hired 3000 people and have nothing to show for it.
I think that the same thing is happening all over the world, not all the employees fault, as you have pointed out many companies in China are going bankrupt also Japanese and U S ones are on the brink of falling. AI bots and automation have a hand in the disarray!
From America, my wife and I had an American made dish washer, but decided this time a year ago to buy a Bosch, well Germans may make great windshield wiper blades, brakes, etc., but we used it twice, it stinks after use, is is not a practical design for loading dishes, cups, etc., and the stainless steel stays wet for many days, so something is wrong with this German design. We most likely will give it away, (still used twice) and buy an American made design again. Sorry Germany, but something is going wrong with your industry production. Best figure it out soon!
@@johnstone7697 We have a Bosch and a service call cost us $530(pump leak). I believe the thing was assembled in Mexico and many of the parts that went bad on a 2001 BMW E-46 we had were Mexican(electrical components). Once you have owned a German car, you don't buy another one. I should have known better as my salesman drove an Oldsmobile and the mechanics all drove Japanese and American cars. Meile is not available in the States.
@@mkedan6741 Miele most certainly is available in the US. I have one of their dishwashers and 2 of their vacuums that I bought at ABT in Glenview, Illinois.
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I'm working at ZF in germany, manufacturing airbag generators. I have a few colleagues who are sick for months at a time. So heres the reason, most firms don't want to go through the severance pay so the man just goes sick as much as possible. When leaving a firm you either do this, or you will need a lawyer to fight for the severance pay. Besides this the whole germany industry is old fashioned and arbitrary, very bad nonsense management with only short term plans.Quality has also left the chatroom for at least a decade now. The government is taxing in so many ways its ludicrous. I live and work in germany for 4 years now, but I plan to just opt out and return to my own country like many foreigners will. When that happens, germany will be left standing with its finger up it's ass.
If you want to return to Hungary, I have bad news...We are even more dependent on German auto than Germany itself! We also have the jobs with low added value that becomes redundant the quickest.
@@kristofvoros6120 Did you just assume I work on a production line? I'm in logistics. I got lot of options anywhere in the world.
OK, Orban got your back@@kristofvoros6120
@@f.ferenc88 I thought you were an engineer or line worker. Many of my previous classmates left some years ago, and they told how they want to return, until they get shocked by property prices and inflation.
This was the statement I was looking for. Unbiased, inside, real life statement. Unions, initially thought of as a balancing force, morphed into a monster blob of corruption and hinder. It's a global plague, tbh. We need quality of life and healthy work environments, but this situation is preposterous.
Germany hasn't shifted to digital world yet. If some are, they use Windows 3.1
Windows 3.1 is great!
US hypocrisy and double standards on full display :) Long live China and the Chinese people :) China will prevail and beat the US!!!
The Balanced Budget obsession is going to be locked back on with regret. Germany should have one of the best, if not the best telecommunications/internet infrastructure in the world. Very misguided
I recognize the hardships that come with economic struggles like unemployment, job loss, inflation, housing market instability, political uncertainties, and the global impact of conflicts and wars. Making ends meet during such times can be incredibly challenging. To navigate this difficult period, considering alternative job prospects, enhancing skills through online courses, and expanding your network can heighten the chances of securing employment. Moreover, prudent budgeting, exploring available financial aid programs, and seeking assistance from community organizations can offer some relief. How are you currently tackling these challenges? Have you implemented any specific strategies to cope?
In my opinion, now is not the moment to rely on hearsay. Every individual, regardless of their level of experience as an investor OR in a financial market, requires guidance at some stage.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
Please tell me how can I connect to your advisor. My funds are being murdered by inflation, therefore I'm looking for a more profitable investing strategy to put my portfolio to work.
Do your homework and choose one that has strategies to help your portfolio grow consistently and steadily. ''Melissa Terri Swayne” is responsible for the success of my portfolio, and I believe she possesses the qualifications and expertise to meet your goals
Thanks for this. could easily spot her website just after inputting her full name on my browser. she replied my inquiry and we scheduled a consulting session sometime tomorrow.
Germany needs different leadership. The entire country needs to shift their thinking.
@@gregorywills2231 - I wonder how those fire workers will be voting in the upcoming elections? Lol
We have left wing socialism here. And massive murders since 2015.
The country rebuilt by the Lefty EU time for a bit of hard right.
As Musk states
Germans dont understand that wealth has been transferred from Europe across to Asia for the last 30 years, its now there turn
No energy crisis mentioned? No geopolitical reasons? No sanction backfiring?
Good point!👍🏻
Top reasons +++ staggering inflation 2022-2024 / high/prohibitive financing cost after a ten year "zero-interest" period of 0.5% to 2% from 2013 onward / bureaucracy /high taxation of income and energy / in general: anti-car ownership policies and attitude by politicians and media favouring public transport/bikes/aircraft and penalizing cars with dozens of measures;
还说能源成本，现在国际油价比战争前低的多，在低价很久了
@@SunshineShane Low interest rates are always bad. It enables and encourages borrowing just as it is so cheap. Avoids getting better more efficient instead. Most in finance have bad attitudes to debt. Nations too.
@@脏不了 Europe replaced Russian LPG with LPG from USA. Instead of a pipeline, gas must be transported through naval transport and stored. It is 3 times to 4 times more expensive than using a pipeline because US reserves are costly to extract as well.
Without factories, Germany is stuffed. And if Germany is stuffed, then the European Union is stuffed.
You are 100% correct.
Chinese ev factories can provide many German jobs just like Tesla Berlin
@@larryc1616- do you really think a fired German auto worker is going to buy a Chinese EV?!
They stuffed themselves by allowing their master to nerf their cheap energy pipeline - they couldn't have been dumb enough not to know this was gonna happen
@@larryc1616 - Germany is headed into recession. An election is coming up. I bet they don't surrender their auto industry to China.
Not only Germany's car industry but the entire industry sector was dependent from Russian cheap gas, Now the industry production is currently in crisis due to the closure of that cheap gas also Now No one talks about the loss.
Who " closed " that cheap gas ? Hint hint : Northstreem ? anyone anyone
@@jackbleiham8475 And Aunt Ursula who over the years has destroyed everything she touched.
wr
China and piss poor quality in their vehicles is what messed up the German car industry. Russia's gas didn't tip them over. They were already tilting over competing with better asian products from Japan, South Korea and China. Russia was factored out years ago. The Germans had plenty of time to react. It's weak demand for a substandard product just as much as they were charging 100,000 euros for a Lada. Some Mercedes are worse reliability ffs.
现在能源价格比战争前低的多，呵呵，不耍骗人
😮 7 years ago we bought a VW golf and 1 year later a Audi S3.
This year we are replacing both with Tesla Model 3 (made in China) and X-Peng (mare on China) G6... so we went from 2 German cars to 2 Chinese cats.
same here
...and cats they are!
(very clever and cunning. Silently watching & creeping forward, without a sound, to devour their next unsuspecting prey)
So from former 'not see' cars to present not see cars lol 😆 😅
I have motorized tuay blinds, eufy cameras ego lawnmower and snowblower all from China.
Main problem: German manufacturers no longer at the cutting edge of technology in most areas; and for car makers, China controls the battery supply and leads in technology.
The issues that Sam addresses arise from a car industry run by finance types, not by innovators and engineers.
Finance types: Which is the reason why I swore in 2018 that I would never buy another BMW again. They betrayed their loyal customers by cutting cost & "thievingly" picking our pockets by taking away features, year-after-year - while raising prices at the same time. So naturally they get the middle finger 🕺
@davidinkster1296 it happens here too (USA). As soon as you see the guy with the MBA get appointed, you know the company and the customers are going to get squeezed! Engineers should run auto companies, not penny pinchers!
Self inflicted wound, no cheap Russian gas
Sanctions worked, but on the wrong country .
That gas wasn't cheap it came at the price of submission to Putin.
@@julianskinner3697 Oh please, what did Putin ask from you?? You watch too much MSM.
@@mkedan6741 He doesn't want EU-enlargement. He's also eyeing some EU countries (Baltic states). And actively expanding his influence in other EU member states (Austria, Hungary, Slovakia).
You're presenting the libertarian argument. The idea that it's the workers were much too well paid and much too well taken care of they arecausing the issue.
The issue is the cars aren't selling. It is not that the unions exist. The problem is management has decided to make the wrong cars and we all know what that was about.
The unions wages and benefits were in homeostasis in the country compared to the sales. What has broken the homeostasis is they had chosen to make the wrong cars.
100% true. it's reactionary nonsense gobbling down a CEO blaming the workers for his own poor choices.
If you lose the unions you lose society.
I agree. It's the failure of the country and leadership. Maybe Trump will rattle their bones. Change is around us daily and when it happens to us, we act surprised! 🤔
He is a centrist so you can probably expect similar takes once he broaches this type of topic. The guy used to vote for Liberals (centre-right) in Australia after all.
No. The wages are FAR above average. If you put fasteners in a VW in the factory you can double your salary compared to putting them in a wardrobe in a little furniture factory e.g.
wr
Er, no Viking is confused again. CLEPA is the European automotive supply association. They say 54,000 job loses have been announced in 2024 in the European supply chain, the majority will be done in the next 2 to 5 years.
I’ll leave this comment here and check back later. Try Moonacy protocol and don’t forget to say thanks!
Mrs Thatcher said that management is responsible for everything that happens in a company. That includes sickness in a factory being worse than outside. People get sick of incompetent management.
yeah but she destroyed the counties industries and reckt the country. then then till now has been slowly failing for decades and can't recover because all the governments want to do more Thatcher. Thatcher is the way of destroying industries and making human life unbearable.
True. However, in this case, German auto companies are essentially being managed by the German state. They’re stuck between a rock and a hard place.
This is history repeating itself. In the 1960's it was the British car industry that crumbled through high labor costs, inefficient and out dated plants and a long term lack of investment into development. Japan came along with low labor costs, all new plant and a need to develop. At the same time the European particularly German industry got far more involved in the main stream market instead of solely the top end. Now we are seeing the perfect, a major technology change and a new and very aggressive player in the market. China have a number of advantages such as low labor cost, a fiercely loyal home market and a drive to innovate. They have one other critical advantage, no history in the industry. They have not been a long term manufacture in the ICE market and dont have a huge investment in that technology or the extensive and complicated supply chain that it requires which means that they can focus on the new technology without having to support the ICE market as a result the German and Japanese industries will go the same way as the British industry did, largely for the same reasons.
Its not for the same reasons, british car killed itself while the german car industry is killed by green socialists. the whole switch from ICE is political and its paired with higher and higher taxes on energy.
Maybe they shouldn't have allowed the US to blow up their cheap gas supply.
They were crazy to become reliant on gas from such an unreliable supplier. Russia would have switched the gas off anyway at some point whether 2022 or 2032, they always aimed to use it as a weapon.
@@jj9749 there was no problem for 60 or so years...wasnt that reliable? what can thy have done in the past? there was no LNG back then. now theres LNG and its suddenly we have the media story ''unreliable supplier''
It would be like relying entirely on Iran for your oil. Everything is fine .. until it isn't. It is fine to trade with non-friendly countries, but it is not very intelligent to trade with them in items of national security.
Dolchstosslegene 2.0
It is like asking a slave to not allow his slave-master to cut off his food supplies.
Can you share more details about the project you mentioned? I opened a starter deposit and am wondering what to do next on Moonacy Protocol. Any ideas?
shocking how quickly this is happening
Almost like it was planned.
Of course the manufacturers will blame the workers. What about providing the workers with modern equipment and well-designed efficient assembly lines.
It's insane he's gobbling down the CEO blaming unions excuse. And "paid" protestors disrupting production.
How about the EU and its red tape and pathetic stupid rules.
We already have these in germany. People still want work life balance, will not work any overtime and demand above 80k
Absolutely right, it is so obvious that this is the case. This video even states that German factories are working with old fashioned processes and technologies which mean that their production costs are far higher than those in China. You can see the same approach being taken by management across the world: the workers are always to blame when management and investors screw up. And as for the (Russian and American) bot accounts wanging on about Brussels, migrants, Russian gas and the lack of 'real men' in Europe....you guys are being SO obvious!
"Lazy Germans". Never thought I'd hear those words, lol.
Arrogance became lazy, same with superiority thinking they're the best in the world.
@@vincentcausey8498 - the “indolent Germans” is the funniest phrase I’ve ever read. But today’s Germans have tied their own hands at the behest of the clamoring Green mob. I suspect a change is coming ya?
You mean ARROGANT CEOs....
Lazy CEOs
US hypocrisy and double standards on full display :) Long live China and the Chinese people :) China will prevail and beat the US!!!
Bosch already making they products elsewhere ( electric drill machine) example Vietnam, bringing them to Germany and selling hi priced...
Can't compete with Asia with German domestic made products due to price. No one would buy them and people would get unemployed again on top of making a bunch of Vietnamese people unemployed.
Very high labour costs? Where did you get that data? Today the total cost of MB labour wages amounts to about 003% of the total sale price of an average Benz. That's hourly wage, benefits, pension and paid days off. In Canada....it's less than that . Retired Autoworker - Canada
This is BS and you know that. Count in all the development, HR, every secretary etc. Also the labor cost of all the subcontractors and so on. Then you have the ridiculous worker protection laws here. A "wrong" worker will easily cost you 1 million to make him leave because firing is not possible.
Employee costs are a huge factor besides energy costs.
I think you need to compare your labour costs against your competition. and China is your competitor . I doubt Germany with numerous layers of costs built into its labour and administrative systems would be anything but " very high" compared.
We have shit cost of living to income ratio in Canada, if you mean that. Moved out of 3rd world Canada in 2024 into so called 3rd world. Savings are 30% of my single income plus housing is 17% not 2/3s of my income. My spouse is making the nice this year. So long.
It could be that in Germany that workers don't believe they are paid enough money. Because top Executives pay is doubling income, but workers don't get double in pay.
...and could also be that most of them are alcoholics 🤔
Germany was planning to use two pipelines connecting them to Russia to sell cheap gas to other EU states and make a handsome profit for doing nothing also powering its factories using cheap energy from the same source. It backfired spectacularly. Been to Germany recently in multiple cities and trust me Poland looks more advanced, cleaner , safer and more beautiful by a mile!!! It used to be the other way round
Germany and the Eu subsidies payed for that
@@eldictator1The Polish economy is doing well.
>"It backfired spectacularly" - are you stupid? It didn't destroy itself. Poland built its economy on EU subsidiaries and did that quite well. A bit less paranoia would be nice though. Maybe also crawling back out of the ass of US.....
An old German saying:
Kaum gestohlen, schon in Polen.
It didn't backfired, it was sabotaged by US so it will depend on expensive US LNG.
Sickness, mate the same same in Australia. Most taken for sick days occur on Mondays and Fridays.
Yeah, I hear 40% of sick days are taken on a Monday or a Friday. Shocking that!
US hypocrisy and double standards on full display :) Long live China and the Chinese people :) China will prevail and beat the US!!!
I have always found it strange that Tesla chose Germany for their European factory - did they not do any fact finding as to how Germany operated? But now I guess they are showing the rest of German OEMs how it should be done.
Yeah, me too.
I'd love to know the real reasons Elon & Co chose Berlin. Ballsy.
Important info, hope this message gets to the decisions makers who can actually effect changes
“its never the manager’s faults when the company dies…” every fucking manager since the 1860s … 😅😅😅
US hypocrisy and double standards on full display :) Long live China and the Chinese people :) China will prevail and beat the US!!!
It is always easier to slash the workforce after years of complacency and CEO bonuses
But when profits are high it is thanks to the managers😵💫
Think about a jumping athlete leading the country who believes 360 degree is the opposite direction, the German must be nuts!
Agree with the zero sum game. With Chinese brands willing to make a loss on low cost manufacturing there is no way legacy brands paying European workers can compete without protection from the government. Australia is very fortunate we don't manufacture cars. It means no tarrifs and so we get to enjoy affordable good quality EVs. I picked up a new MG4 essence for AUD$38K , that's USD$24k.
It’s a myth that the Chinese car brands are so competitive because they sell it a loss. These companies simply produce higher quality products and have low manufacturing costs due to decades of intelligent investment by the communist party into the supply chain.
Energy costs is the major reason, cutting themselves off cheap Russian gas is economic suicide
Yes, no mention of that here, surprise, surprise.
Yes. German govt can't even admit to it..Been relying on cheap Russian gas for 30yrs..it's so obvious..No more cheap energy means higher costs, higher inflation, higher cost of living...leads to company cutting costs, jobs.
Depending on Russian gas was the beginning of suicide, Trump mentioned this to Markel, and everybody was laughing.
@@bentchristiansen2533 Please explain how it was suicide, Putin has stated as recently as last year he was willing to keep selling gas through the pipeline your "ally" didn't blow up. As for Trump, he's about selling you LNG at 4 times the price, not that he wants to do you any favors, geez. The German economy survived and thrived only because of that cheap Russian energy and raw materials, otherwise it would have collapsed decades ago.
@@mkedan6741 "he was willing to keep selling gas through the pipeline" - lie/ In reality it was putin who stoped gas transition to Germany!
such is life in a country lacking TESTOSTERONE - there are no MEN willing to state the real problem - lack of cheap Russian gas
Greetings from Germany. We do understand that our previous reliance on cheap Russian gas made us a hostage to the vagaries of Putin's ambitions. Things are going to change.
@@marcg1686 Well, you can convert those factories to making buggies again, we here in the states have a lot of horses for sale.
@@marcg1686yes things are going to change for much worse. Without cheap energy Germany can close up shop. Take that, Putin!
@@mkedan6741
Nah, those for whom an EV works already have one. Just make affordable ICE vehicles.
@@mullerstephan
We'll change our energy use. Solar and PV for residential heating and medium power consumers and gas for industry.
Russia will decline.
CEO'S and Top Executives want millions more money from raising prices. So many recalls add to the next vehicle prices. All because top Executives care more about volume over actual doing enough testing on the vehicle before bringing it to dependable vehicles to market.
This unreasonable, unjust, and unfair greed for more wealth are the very shackles that will be unbearable for them to carry around in the hereafter, of this you can be sure!
Workers should be paid fairly and well, but the CEOs, along with senior management and greedy shareholders, are taking massive amounts of money in dividends and bonuses even when the companies are struggling. They shouldn't take anything when companies hit hard times. Look at some of the large banks and infrastructure building companies that folded right up to the end shareholders and CEO'S were lining their pockets in bonuses right up to the last minutes of the business.
Denial! I am in a constant state of denial and I know it. Well it's always nice to hear your predictions. Thanks ❤️ 👍
You failed to mention sky high energy costs associated with the embargo of cheap fossil fuels from Russia. Why is that??
Yes, the facts are that German car companies have had most of these issues for decades, and were getting along nicely, only two things have changed, squeezed out of the Chinese market by a Chinese Government determined to make things harder for foreign Companies, and skyrocketing power prices that have crippled domestic industries, due to 'net zero' obsession and loss of Russian gas.
Russia invading Ukraine and threat to Poland / Germany if not stopped , buying Russia energy keeps the war going . China now buying Russia oil on the cheap , keeping the war going and one of reasons can build cars cheaper
@@Tl-rs1dv How is it a threat to poland and germany, get real. You watch too much MSM.
He wants to make it all about cars and EV's , while denying the critical role that cheap fossil fuel energy plays in a countries prosperity and economic performance.
@@mkedan6741 look at a map , Poland borders Ukraine
Never thought i of all people will buy ev, prices have dropped so much i can't resist.
Auto industry has ups and downs , we just happen to be in a downward period. Do not panic.
You need to start read German media in order to be able to comment what they are writing. Because you are basically expressing your personal opinion and nothing about what media are writing
He’s “an analyst” who reads headlines… little else.
He’s also an anti labour guy.
Ah yes, the very reliable media. And what beautiful things are they writing about the economy? That all is good and well in Deutschland?
WHY does he need to read liers?
While not an exact quote, the closest concept is often attributed to Pablo Picasso, who said, "Every act of creation is first an act of destruction," meaning that to create something new, you often need to dismantle or "destroy" the old first.
Key points about this idea:
Interpretation:
This signifies that significant change often requires breaking down existing structures or ways of thinking to build something better in their place.
Application:
This idea can be applied to various situations, from personal growth to societal reform, where radical change might necessitate letting go of old patterns.
But Chinese don't create....they famously copy. Without competition Chinese "innovation " won't happen. Pablo wasn't talking about plagiarism.
@@emeldahayDo you honestly think they do not inovate after plagerizing for decades?
Rolling down the street in his El Dorado
@@theenlightendone6981 innovative china?. Ah yes, china well known for its innovation.
@@emeldahay If you were copying how to build paper planes for decades whould you not after a while innovate/make it your own atleast a little bit? The chinese copy everything but they also innovate in some areas its literaly impossible not to lmao.
Maybe Sam should up the channel game and do interviews direct with the car makers.
It isn’t like the ‘90s it is a much worse picture than in those days with a massive attitudinal shift in almost every aspect of labour, management and government - hard times ahead I fear!
Clepa is the automobile Association in Europe that said that in 2024 54000 jobs were lost in that year
Isn't Clepa merely a synonym for chlymydi@ 🤔
My German relatives can do as I did, and it's what our grandparents' teachings proved to be best life-long results. My (architecture - free precision hand made plans if needed to understand more) - handyman services prioritize families home improvements cheap or free for years and a dollar store mentality is how I helped many people start the same ways I did, building up your lists of customers and types of practical services for the property owners or anything to help people organize their lives
It's not hard to find people who request help or repairs or regular maintenance of lawns or anything else you may feel is possible for growing your own business.
Handyman is actually not required to be a registered business but there's options each person may choose, depending upon your location.
Please let me know when BMW, Audi and Mercedes automobiles are 1/2 off of sticker price. A German car will then be worth the price paid. 🤷♂️😉
Not when they don’t make replacement parts.
No warranty. Going out of business sale. As is no returns
Not worth it, spare parts will be a problem later on.
ICE cars workshop will slowly close down, maintenance and repairs will be costly. Petrol stations will shut down for lack of business.
they have around 10 percent profit margin on price of the car. Porsche has 20. So 50 percent cut is impossible. They need to have money on new models development too, in the future.
Media is too busy with Musk's gesture. Rly once respected media turned into Yellow press.
I have recently lost my job in an automotive company
Relentless job search, interview juggling with no final selection. Even, 8 of my contact referral couldn't get me a job so far in last 3 months. Really tough time at family and professional life. I speak German C1, 12 years of international worl experience, a Masters from top 100 Global German universities with numerous certification but in many interview, it doesn't even matter. Recruiter are clueless on what to ask and why to ask. Later, give an outstanding reason for rejection whi h ia beyond comprehension. Funny times indeed.
Bonjour , merci Viking .
😆😂😅🤣
Germany has turned to what UK was like in the 70s
The UK has turned into what the UK was like in the 70's!
@@philiptaylor7902 I'll believe both of you when I start seeing/hearing new punk rock bands cropping up!
Europe needs to do what the Chinese do- make it virtually impossible to sell any vehicle in China that is not manufactured in China. Europe, follow suit: make the Chinese manufacture their products in Europe, following European environmental and workplace standards= like that ridiculous 35 hour work week.
Do you want to live under the totalitarian Xi boot with Chinese visiting by the bus load spitting and talking loud or enjoy Bundasliga with a nice beer in peace? The choice is obvious but German management has to make an affordable peoples wagon and restart the nuke plants- piss off Electric Wanker!
Again, this is what happens when Governments Dictate products (people don’t truly want), then when the company does produce the products they are producing things that do not appeal to people outside of their home market. Where as their “old school” products were touted as cutting edge and luxury brands.
Energy costs and overregulation have made manufacturing unsustainable in Europe. There would have to be a massive political shift to turn things around.
7:00 not sure about that, mercedes builds in the US, its CEO previously run that operation.
I finally got blocked from making comments against the narrative?
So now Germany will have lots of skilled workers who can change production to drones and other useful items (Taurus Cruise Missiles) for Ukraine.
Expensive American LNG Macht Frei
You sort of misrepresented the report a little bit....According to the CLEPA report, the European automotive supply industry faced significant job cuts in 2024, with a total of 54,000 jobs being cut across the sector. Germany was particularly affected, accounting for approximately 60% of these job losses. This means that around 32,400 jobs were cut in Germany alone,(not 54,000 in Germany alone)
His videos need to be taken with a huge grain of salt. And he has 280k subscribers, meanwhile there are quality channels a fraction of the size. Maybe bots?
I am building my 9800X3D computer RIGHT NOW.
Lots of people will be fine ,those that make Seats, windscreens and windows tires and wheels. However, you would not want to be making petrol tanks.
We wanted to extend usage of a PLM software in Germany and had to get an approval from the union so that it will not cause any job cut.
There are many reasons they all point back to the same issue....EU regulations. Germany suffered under the Russian sanctions more than any other country country in Europe including Russia. The new green scam, which includes the forced push to EVs in not realistic or workable in the planned economy of the EU. Imagine competing in a World market when you have 32,000 bureaucrats from the European Comission sitting in Brussels planning new rules, regulations and fines to plan every aspects of your company's and employees future.
We are witnessing a planned demolition, not simpply unfavorable market forces.
Germany suffered under the Russian sanctions" - any proof? looks like ork's propaganda. 33 years of tight friendship Germany with russian fascists
The biggest mistake for Germany was not paying attention that the focal point for car making has become software. Hardware is not so important anymore.
💯
And yet everyone hates touch screens and overly complicated control UI. The industry is already moving back towards physical buttons for everything.
@@5kribbles Software is not about designing complicated touch screens. Software is allowing to install upgrades remotely. Software is making user experience more friendly. Software is preventing failures before they occur…
@ a reliable and dirt cheap electric or plug in hybrid with all analogue interior would outsell every other car on the road. Cars shouldn't need remote software updates, that's the problem. We went through all this before when American cars became bloated and expensive. Then cheap, simple, reliable Japanese cars came to dominate.
Their biggest mistake was not paying attention to the Socialists.
I replaced my two bimmers with two Teslas, both made in China. The price and country of origin were not the main consideration though. The Teslas drive better, more features, more efficient, the list goes on. It is hardly the workers fault
I hope you won't get fired too 😂
Their main problem... is these ridiculous prices. Im not paying 35-40k for a freakin Golf or some other small hatchback, f**k that...
Not to mention that forced "green deal" is a major BS.
Schrecklisch was Sie in den Speijel gelesen haben, Herr Evans!
54K job cuts! Lots of disgruntled electoral fodder for the ultra Right wing AfD party. 🤢
No, that's across the European supply chain with the majority taking place over the next 2 to 5 years. It would help if Viking had actually read the Clepa article!
Why people call Russian gas "cheap"? It was on par with Chinese and american gas in terms of the price. With Russian gas playing field for Germany, USA, Chin was even. Now Germany is at a huge disadvantage. And China, USA ripping of the benefits.
All this to please Israel.
AIPAC 💰
🤫
I stayed in Germany several times and thought it much nicer than the UK at the time. I couldn't go there now, due to their establishment's support for the genocide. I feel sorry for the workers whose livelihoods are under threat, but NO sympathy for the country now.
that's the stupidist statement i have ever heard
auf wiedersehen
there is something deeper at play than laziness, more and more people are sick of the current system we are living in, being sick is one of the symptoms of this, it is mostly the only way to expres there discontentment.
This is all a cleverly engineered downfall of the current generation...
The people are paying the price of net-zero. Industry needs cheap, reliable power. Green power is the most expensive and unreliable power available. The good news is that former factory workers will now have time on their hand to explain personally to the ecoloonies exactly what they think of them and their policies.
The only answer is *GMI* ( *Guaranteed Minimum Income* aka *Basic Minimum Income.* )
I'm reminded of an old joke _I'm sorry _*_Mr. Smith_*_ but I don't have an opening at the moment... Merry Christmas to you and your family._
Wow Sam! German EVs are more expensive to produce, but labour costs are a small part of the cost of the whole vehicle. So why are you and the German auto executives only pointing to labour? Because labour is an easy target in the current political climate. Also, it detracts from the other costs: battery, body and chassis, electronics, other components, interiors, factory running cots are all significantly higher in Germany than in China. So, who is at fault there? Management! You have said so in this very channel, so why suddenly single out labour alone? Must German citizens now have their salaries cut to Chinese levels? It's absurd!
German's need more rules and regulations, that will surely fix this, right? Look how well that worked out for Britain.
Some of this doesn't make any sense as far as calling in sick. They work less than a 40 hour week and when I was at BOSCH, I had 30 paid days of vacation and few more national holidays vs here in the USA.
But I was working there over 20 years ago.
The Germans says why easy when you can have it complicated?😂
Well spoken!
😢 when you’re the best and top so long, complacency sets it from top down to the floor
Haven't they heard? Every thing has an expiration date 😵💫
Buy TSLA
Wow, great update Sam, keep up the great work
US hypocrisy and double standards on full display :) Long live China and the Chinese people :) China will prevail and beat the US!!!
As jobs or income is reduced, that will mean less customers for Chinese cars.
Isn't one lof the main reason that for these companies that the EV evolution does not equate growth. Every EV thes sell in one ICE car less. Also EVs are easier to make with less personnel. This is a very logic evolution, not that the sector is going broke.
He’s usually really good with analyzing the car industry but he definitely dropped the ball here. Even if Germany had the most productive labourers on the planet they’d still be getting killed by China and deindustrialize. Neoliberal economics took awhile to gut Germany but it was bound to happen eventually not to mention nordstream.
rip ice
They get sick from the government.
The entire European Union is a house of cards. Most countries are in huge amounts of debt. Germany has been the only solvent country that is paying for everything but now it is in crisis.
"Germany has been the only solvent country that is paying for everything" - any proof? looks like lie
I couldn't under why Tesla built a factory in Germany until I saw their demonstration of Optimus. Humanoid robots won't call in sick, are not subject to German labor laws or benefits.
I saw another RUclips channel talking about this. “Oh, it’s the EV mandates”. 😅 No it’s the manufacturers not keeping up and realizing, mandates or not, Europeans want EVs, just not a ridiculous prices. The real mandate problem is what Sam mentions; mandated jobs. LOL crazy! 😂 Businesses fail all the time. The truth is we don’t need 60 vehicle brands. Jobs shouldn’t be “saved”. Businesses shouldn’t be bailed out. China will crush them. How about building a better product cheaper?
Not sure Chinese automotive wages are 80% less, think you should check that.
Thank you.
Many problems can be attributed to the saleman heading companies and, the take over of boards by the MBA crowd who have been taught that profit is the only goal, every quarter must see improvement which means personal bonuses. MBAs & salesman bosses have killed the german industry & greed of coarse.
5:10 thats due to burocratic overhead and thats the type of people they are usually attracting and hiring. Even in IT they hired 3000 people and have nothing to show for it.
I think that the same thing is happening all over the world, not
all the employees fault, as you have pointed out many companies
in China are going bankrupt also Japanese and U S ones are on the
brink of falling. AI bots and automation have a hand in the disarray!
Incredible there business relies on a foreign market
Increasing sick days is a direct consequence of poor leadership.
Who wants to be at a job that they don’t enjoy?! 🤷🏻♂️
*Mercedes will be the new GM*
All the comments saying the loss of cheap gas is the reason VW is in trouble probably didn’t even watch this video.
Geman companies still communicate via fax machine 😅
From America, my wife and I had an American made dish washer, but decided this time a year ago to buy a Bosch, well Germans may make great windshield wiper blades, brakes, etc., but we used it twice, it stinks after use, is is not a practical design for loading dishes, cups, etc., and the stainless steel stays wet for many days, so something is wrong with this German design. We most likely will give it away, (still used twice) and buy an American made design again. Sorry Germany, but something is going wrong with your industry production. Best figure it out soon!
Bosch is just Trash. you should buy Miele.
Most of the US Bosch machines are made in the US, not Germany. Like the other guy said....buy a Miele.
@@johnstone7697 We have a Bosch and a service call cost us $530(pump leak). I believe the thing was assembled in Mexico and many of the parts that went bad on a 2001 BMW E-46 we had were Mexican(electrical components). Once you have owned a German car, you don't buy another one. I should have known better as my salesman drove an Oldsmobile and the mechanics all drove Japanese and American cars. Meile is not available in the States.
@@mkedan6741 Miele most certainly is available in the US. I have one of their dishwashers and 2 of their vacuums that I bought at ABT in Glenview, Illinois.
@@johnstone7697 Thanks, Glenview is only 45 minutes away, but I will check the Milwaukee area before.
Instead of attacking labor rights in Germany, we should think about expanding worker rights in China and Mexico