The author wrote that VW intends to freeze the salaries of 660,000 employees worldwide until 2030. Given the inflation, this poses significant losses in purchasing power for the employees. He stated that the AfD would free the car manufacturers from requirements such as the ban on combustion engines. https://t.co/rp37fsaAWM #VW #Inflation #Gehälter #DE (translated)
Emanuel Boeminghaus stated that Volkswagen is considering freezing the salaries of more than 660,000 employees worldwide at the level of 2026 until 2030. This would mean four years without salary increases, he explained. However, the global salary freeze has not yet been decided. Boeminghaus said that this would make people poorer while inflation is currently rising faster. He cited a report from Handelsblatt dated October 19, 2026, as the source. https://t.co/mcUUYbyeRN #Volkswagen #Gehaltsstopp #Autoindustrie (translated)
Austrian Science Minister Eva-Maria Holzleitner has announced that the university budget for the years 2028 to 2030 will amount to around 16 billion euros, which, when adjusted for purchasing power, represents a significant cut and has led to criticism from the Conference of Universities. #Universitäten #Budgetkürzung #GewaltinFrankreich (translated)
Shopping center operators are discussing the introduction of open Sundays to counteract the outflow of purchasing power due to neighboring shopping centers and online commerce, while in Austria's neighboring countries, some open shopping Sundays already exist. #Gewerbeimmobilien #Shoppingcenter #verkaufsoffeneSonntage (translated)
The GPA demands more money for 420,000 employees due to declining purchasing power. (translated)
The author wrote that in France, the protests are long beyond just student protests. According to his depiction, loss of purchasing power, significantly increased living costs, dilapidated schools, social cuts, and anger towards the political elite would lead to an increasing number of societal conflicts being unleashed on the streets. #Frankreich #Proteste #Lebenshaltungskosten #FR (translated)
Artificial intelligence described the example of a retiree who had worked all his life, lived frugally, and rented out a semi-detached house as a pension plan. It wrote that he wanted to sell the rented property in retirement but, due to the abolished 10-year holding period, would have to fully tax the difference between the purchase price and the selling price. Even if the selling price turned out to be lower than expected due to the tight market situation and new energy standards, artificial intelligence argued that, from the tax office's perspective, a profit could arise. As an example, it mentioned an increase in price from €200,000 to €350,000 and pointed out that the purchasing power of the euro had fallen to half over the past decades. According to its presentation, costs for maintenance and renovations, vacancies, and difficulties with tenants were not taken into account. Artificial intelligence criticized that people who had saved and refrained from consumption could ultimately pay for their retirement plans through taxation. At the same time, it claimed that saved money was distributed all over the world and benefited people who had lived less frugally. Finally, it asked what lessons future generations would learn from this injustice. #Kapitalismus #Altersvorsorge #SozialeGerechtigkeit (translated)
Because it is being reported everywhere in connection with the introduction of the early retirement pension that the 10 euros per month until retirement will amount to over 50,000 euros: This nominal figure is misleading because it ignores inflation. The real purchasing power is more like 16,000 euros. (translated)
Austria's economy is expected to grow slightly this year despite the Iran war, supported by a recovery in industry and rising exports, while high energy prices, fallen real wages, and persistently high inflation weigh on purchasing power. #Wirtschaftswachstum #Inflation #Energiepreise (translated)
"There needs to be a guarantee of real purchasing power while simultaneously securing the location," said IHS Chief Holger Bonin regarding the autumn wage negotiations. #Wirtschaftsprognose #Inflation #Energiepreise (translated)
Wifo director Gabriel Felbermayr demands from the federal government a construction strategy similar to its industrial strategy. #Wirtschaftswachstum #Kaufkraft #Österreich (translated)
The forecasts are being adjusted, and things are gradually improving. "The forecasts are being corrected, and things are slowly looking up," says Economic Minister Wolfgang Hattmannsdorfer (ÖVP): "Particularly positively: Austria's economy is expected to grow stronger than Germany's in 2027, moving from the bottom of the growth chart to the European midfield with 1.3 percent growth." #Wirtschaftswachstum #Kaufkraft #Österreich (translated)
Despite an expected economic growth in Austria of 0.9 percent this year and 1.3 percent next year, households are losing purchasing power as real incomes decline and inflation rises. #Wirtschaftswachstum #Kaufkraft #Österreich (translated)
The unions demand to secure the purchasing power of the 55,000 employees through real wage increases during the autumn wage negotiations with the railway workers, while the employers insist on a moderate agreement. #Kaufkraft #Herbstlohnrunde #Inflationsausgleich (translated)
Lexa wrote that BMW had withdrawn the service vehicle from the newly elected president of the state parliament, Tobias Rausch, shortly after the election. According to Lexa, this was not done for contractual reasons, but because a party that Lexa considers politically undesirable occupied the position. The company is acting politically by canceling an order instead of making a business decision, Lexa wrote. Moreover, Lexa questioned whether BMW would remain viable if one third of Germans classified the brand as a "no-go." Companies that judged customers based on their party affiliation rather than their purchasing power and loyalty to contracts acted as political players, Lexa wrote. The market would remember that longer than a press release. #BMW #Politik #Kundenbindung (translated)
Apollo News reported that the federal government expects growth of 1.3 percent. The media referred to the upturn as a debt-financed illusion: billions in government spending were driving the numbers, while industry and purchasing power continued to decline. https://t.co/P1uE5LwbpJ #Deutschland #Wirtschaft #Schulden (translated)
The union vida demands decent wage increases in light of the upcoming collective bargaining negotiations for the railway, trade, bus, and truck sectors, as well as consideration of rolling inflation, and rejects "crisis agreements" again, as these have significantly impaired the purchasing power of employees. #Herbstlohnrunde #Lohnverhandlungen #Gewerkschaft (translated)
Emanuel Boeminghaus wrote that indirect taxes continued to rise. Following taxes on tobacco and discussions about a sugar tax, there should now also be a tax on plastic packaging. According to the food newspaper he referenced, the Federal Ministry of Finance and the Federal Ministry for the Environment were planning such a levy, which was expected to generate around 1.3 billion euros in additional revenue. Boeminghaus explained that the tax could increase the burden on consumers alongside other taxes, as such costs are often passed on to private households through higher prices. He wrote that as more consumer goods are taxed additionally, real purchasing power declines and many people become poorer. He ironically referred to Germany as a country where people "pay gladly and well." https://t.co/HO9LlEgy8r #Steuern #Deutschland #Plastiksteuer (translated)
Kolja Barghoorn wrote that he finds it amusing that the success of the AfD is unanimously explained by the worries and fears of its voters. He mentioned other reasons such as nuclear power plants being blown up, Nord Stream not being repaired, and Germany having the highest energy prices in the world. Additionally, the country is affected by a policy of open borders leading to illegal mass immigration. At the same time, according to Barghoorn, the state share and state consumption are rising, while real purchasing power is no longer increasing and taxes are rising. #AfD #Deutschland #Politik (translated)
The Iranian currency, the Rial, has reached a historic low, leading to a drastic decline in the purchasing power of the population and an explosive rise in food prices, while the average monthly wage has dropped by more than half since the beginning of the year. #Iran #Wirtschaft #Lebensmittelpreise (translated)
