Merkel to urge chiefs of big companies to hire refugees, Bild reports
- Apple (AAPL) Tops Q4 EPS by 2c; Issues Solid Outlook
- Wall Street slips on earnings; Apple falls late after results
- Chipotle Mexican Grill (CMG) Posts Q3 EPS of $0.27; Comps Miss Views; Additional Stock Buyback Approved
- Pandora (P) Misses Q3 EPS by 1c, Q4 Revenue Guidance Falls Short
- After-Hours Movers 10/25: (OGXI) (AKAM) (VRTX) Higher; (EW) (NUVA) (CMG) (AAPL) Lower (more...)
Syrian refugees arrive at the camp for refugees and migrants in Friedland, Germany April 4, 2016. REUTERS/Kai Pfaffenbach
News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.
BERLIN (Reuters) - Chancellor Angela Merkel has invited executives from some of Germany's biggest listed companies to attend a summit next month where she will urge them to hire more refugees, the newspaper Bild reported on Saturday.
More than one million migrants flooded into Germany last year, and the government wants to get as many as possible into the job market, which would reduce their dependence on the state and compensate for labor shortages as the workforce ages.
Merkel will push reluctant German companies to offer more traineeships and position to refugees, Bild reported. Large companies have been criticized for doing little to help integrate the refugees into the thriving job market.
Companies say most of the new arrivals lack the German language skills and the education required for a job.
Engineering giant Siemens
Merkel's office declined to confirm Bild's report, which said the meeting at the chancellery will take place Sept. 14.
The Frankfurter Allgemeine Zeitung reported a month ago that the 30 biggest DAX-listed companies had until June employed only 54 refugees, including 50 who were hired by logistics provider Deutsche Post
Vice Chancellor Sigmar Gabriel last month urged large companies to do more for refugees, saying their efforts pale in comparison to the Mittelstand, the small and medium-size companies considered the backbone of Europe's biggest economy.
More than 1.1 million migrants arrived in Germany last year, mostly refugees fleeing conflicts in Syria, Afghanistan and Iraq.
(Reporting by Holger Hansen; Writing by Joseph Nasr; Editing by Larry King)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Mercedes-Benz to launch pickup truck in 2017
- Clinton warns supporters against complacency in U.S. election
- General Motors (GM) Tops Q3 EPS by 28c
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!