German firms hone tools to defuse demographic time bomb


  • World
  • Sunday, 06 Nov 2016

Ahmad Hosseini, 18-year-old trainee and former refugee from Afghanistan poses for an image next to a computerised CNC miller at the training workshop of Knipex, a 130 year-old family-owned pliers and tools maker company in Wuppertal, western Germany, October 25, 2016. REUTERS/Wolfgang Rattay

WUPPERTAL, Germany (Reuters) - For more than 130 years, Knipex, a family-owned company in western Germany, has made pliers for craftsmen around the world. Recently it has developed a different set of tools to help it cope with an ageing workforce and skilled labour shortage.

The management toolkit includes above inflation wage rises, subsidised meals and an on-site nursery, as well as training for older workers to operate machines doing work they used to do and flexible working conditions beyond the statutory minimum.

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