German firms signal job cuts as economic decline persists
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SPD Labor Minister Hubertus Heil (referred to as Schweitzer in the source) has presented a draft law to expand fixed-term contracts without cause and relax dismissal protection for high earners, with implementation targeted for July. The proposal marks a notable shift in German labor policy, potentially increasing labor market flexibility but facing political opposition. The outcome is uncertain as it must pass through the Bundestag.
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