Germany: new funding for retraining in the event of ‘structural change’

On 1 April 2024 significant provisions of the law to reinforce "the promotion of initial and ongoing training", adopted last year, came into force. The new retraining allowance covers employees whose jobs are threatened by "structural change", such as digitisation. The government is earmarking €3.3 billion to fund the scheme.

Through Thomas Schnee. Published on 02 April 2024 Ă  17h09 - Update on 02 April 2024 Ă  17h09

According to the Federal Ministry of Labour and Social Affairs (BMAS), the German economy is undergoing major structural change. This is leading to roles evolving in certain sectors, with some disappearing and others emerging. For example, when a company moves from small-scale production to computer-aided production or when a car equipment manufacturer that makes parts for internal combustion engines switches to the production of electric charging stations.…

Need more info ?


mind's on-demand study service

  • This field is for validation purposes and should be left unchanged.