Group CEOs call for policy change just before the federal election

(dpa) The CEOs of Deutsche Bank, Siemens, and Mercedes-Benz are advocating for an open Germany in a joint call. They are also demanding a completely new economic policy.

Ola Källenius, Chairman of the Board of Management of Mercedes-Benz AG. (Photo: Jörg Carstensen/dpa)
Ola Källenius, Chairman of the Board of Management of Mercedes-Benz AG. (Photo: Jörg Carstensen/dpa)

In the recently intensified migration debate, the CEOs of Deutsche Bank, Siemens, and Mercedes-Benz are speaking out. They called for openness to the immigration of skilled workers and advocated for a fundamentally new economic policy in Germany. 

Siemens CEO Roland Busch warned before the federal election on February 23 of a "massive increase in xenophobic positions": "The federal election must not become a protest vote."

Without stable democracy, there is no prosperity and no growth.

Siemens CEO: Centrist parties must pull together

Busch advocated for an open society and warned against polarization in politics. The field of immigration is too complex.

"The centrist parties must pull together and sit down with each other."

Germany needs more workers and specialists, said Busch. Above all, however, people must be "brought into work extremely quickly," according to the Siemens CEO.

"We have people from all over the world working with us. We value that very much."

Mercedes CEO: "We need the best minds"

Mercedes-Benz CEO Ola Källenius lamented a growing shortage of skilled workers. However, in the debate on immigration, issues are being mixed.

"Illegal immigration is not the same as attracting skilled workers to the country. We need the best minds for growth."

In economic policy, Källenius advocated for free trade against the backdrop of looming tariff conflicts. Additionally, a "bureaucratic inventory" is needed in Europe, and regulations must be scrutinized. The industry needs competitive energy prices. 

Siemens CEO Busch expressed a similar opinion. He called for a moratorium on European regulation. On the other hand, targeted support is needed for the market introduction of technologies like artificial intelligence and massive investments in infrastructure. In schools, science and mathematics subjects need to be promoted more, and German universities should improve in computer science. 

Deutsche Bank CEO: Europe must present a united front

Deutsche Bank CEO Christian Sewing, also in light of the re-election of US President Donald Trump, called for a stronger Europe. What is needed, among other things, is a harmonized European internal market for capital and products. The EU, with its approximately 450 million inhabitants, must present a united front. Additionally, there is a need to reduce bureaucracy, especially for medium-sized businesses.

The call arose as part of the initiative "We Stand for Values," an economic alliance of nearly 40 large German companies and organizations, which was founded for the European elections in 2024. The corporations, which include Volkswagen, BMW, BASF, and Allianz, are committed to "diversity, openness, and tolerance."

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