CEOs from leading German companies, including Siemens and Mercedes-Benz, are advocating for democracy and economic growth, highlighting the importance of skilled immigration. They urge a shift towards more welcoming immigration policies to counter rising nationalism and xenophobia. The initiative ‘We stand for values’ seeks to promote unity in Europe, while also calling for economic reforms such as lower corporate taxes and enhanced investments. Business leaders stress the need for a cohesive approach to strengthen the European market amidst global changes.
CEOs Unite for Democracy and Economic Growth
Leaders from major German corporations, including Siemens, Mercedes-Benz, and Deutsche Bank, are making a powerful statement: the foundation of economic growth and prosperity lies in a stable democracy. In a collaborative effort, these CEOs are sounding the alarm about the rising tide of nationalism and xenophobia, emphasizing the need for a more welcoming approach to skilled immigration.
Call for Immigration Policy Reform
In light of ongoing discussions regarding migration policy reform in Germany, the heads of these influential companies are advocating for a more open stance toward the immigration of skilled workers. They are concerned that any shift towards nationalism could undermine the democratic values essential for a thriving economy. Siemens CEO Roland Busch highlighted the importance of maintaining diversity, openness, and tolerance in the face of political polarization, stating, “Without stable democracy, there is no prosperity and no growth.”
Busch expressed the urgency of addressing the immigration issue, urging political parties to collaborate in finding solutions that enable swift integration of skilled labor into the workforce. “We require talented individuals from across the globe to drive our success,” he asserted, reflecting the diverse workforce that benefits his company.
In addition to their individual statements, these CEOs have joined forces under the initiative ‘We stand for values,’ which comprises nearly 40 businesses and organizations committed to promoting the principles of a united Europe. Mercedes CEO Ola Källenius pointed out the critical distinction between illegal immigration and the attraction of skilled professionals, stressing the importance of attracting the best minds to support economic advancement.
As the CDU/CSU coalition recently secured a majority on a controversial migration plan with support from the far-right AfD, concerns about the potential erosion of democratic values have intensified. However, the business leaders remain hopeful that CDU leader Friedrich Merz will maintain a clear stance against collaborating with extremist factions, reinforcing their commitment to uphold democratic principles.
The call for reforms does not stop at immigration policy. The business initiative is also urging the next federal government to implement significant economic changes, including reduced corporate taxes, lower energy costs, and increased investments in infrastructure and education. Deutsche Bank’s CEO Christian Sewing emphasized the need for a cohesive European market, especially in light of potential shifts in global leadership, advocating for a unified approach among the 450 million inhabitants of the European Union.