Sunday , October 25 2020
Trade association skeptical about early Christmas bonus

Trade association skeptical about early Christmas bonus

The German Retail Association (HDE) reacted very cautiously to the proposal to bring Christmas bonus payments forward and thus strengthen the retail sector. Chief Executive Stefan Genth told the news agency dpa: "We welcome all measures that are helping our inner-city retailers to get through this corona crisis. An early payment of the Christmas bonus will probably only help the shops in the city-center to a very limited extent. Unfortunately, many customers are currently avoiding the shopping spree because they are in Want to meet as few people as possible during Corona times. "

In addition, the savings rate is currently very high. Many consumers preferred to keep their money together in the face of uncertain future prospects, according to Genth. "For dealers in need, direct aid payments, such as the state bridging aid, which must definitely be extended, would be more productive."

Retail shouldn't be afraid of a second lockdown

The Rhineland-Palatinate CDU– Group leader Christian Baldauf had an early Christmas bonus requested: "We have to support the retail trade now. That's why I appeal to companies to pay out the Christmas bonus with the October salary," he told the "Bild" newspaper. Then many people would be able to do their Christmas shopping in the next few weeks and retailers would then "not have to fear a hopefully avoidable second lockdown before Christmas". Baldauf is the top candidate of the CDU Rhineland-Palatinate for the state elections in 2021.

The SPD member of the Bundestag Florian Post made a similar statement. "That would relax the situation in the shopping areas during the Christmas business and would be a great help for stationary retail," he said of the early Christmas bonus payments. FDP parliamentary group vice Michael Theurer said: "Before the whole thing ends up with anonymous online giants, it would be great if the companies that can still pay Christmas bonuses despite Corona would prefer it to be paid out."

However, the measure would not affect all citizens: just over half of Germans (53 percent) receive Christmas bonuses. That has an online survey with 140,000 participants the union-affiliated Hans Böckler Foundation. There is a gap between east and west. In the west, 56 percent of employees receive a subsidy, in the east only 41 percent. There are also differences between the sexes: a total of 55 percent of men get it and only 50 percent of women have a Christmas bonus.

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