tv Business - News Deutsche Welle February 17, 2023 4:15am-4:31am CET
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so i, it's, it's an enormous opportunity to have a hand and in highlighting beautiful things in a time where that's hard to hold in the next few days to international jury will be looking for the beauty in 19 films competing for the belly knowledge. there's well, that's it for me for now. businesses up next time. told me orlando, thanks for watching. come have a teacher, county the highlights you every week in your in box. subscribe. now. chusen visual. i'm a good push to me today. but it's basil. this is the consequence was settled for kind of fun. got a question. you can, you know, i'd like to stumble anymore,
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just conflict in ukraine, but european war intent voices rushes war in ukraine. one here since the invasion began. we take a little back and into the future in the new building. slowly in february on d, w. ah, ah, tesla is told to recall close to $400000.00 vehicles over itself driving technology . the car maker says it's making the fix via simple software patch. doesn't like the word recall. also on our show here from the former c e o of unilever, warns that younger workers will leave companies that don't stand for something. i'm seeing beasley berlin, welcome to our show. tesla says it's recalling almost 363000 vehicles in the u. s.
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that the regulators set its driver assistance system did not adequately adhere to traffic safety laws. the national highway traffic safety administration saying the tesla software increases the risk of a crash because it allows vehicles to exceed speed limits and drive in an unpredictable manner through intersections. tesla says it's unaware of any injuries or deaths caused by the system. it will release an over the air software update free of charge right over the ins quarter now in new york for more. gens tesla says that this is just a software patch. did it get away lightly here, considering that this is actually pretty large recall? oh wow, steven, don't call it a recall tesla fence and the low mask will not be very happy because they're saying if you can have a software fix them, just wireless actually. then you can not really call it recall, but clearly i mean this premium self driving a system comes with
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a price tech. and if i'm correct, i mean the amount of about $15000.00 mosque was promoting that premium version quite a bit in recent weeks. and so now there is this, recall the stock market by the way, reacted in a pretty strong fashion, strong meaning strong downturn. the stock of tesla lost a good 5 percent in value, but that might not necessarily be because of the recall. the entire market got under pressure here in the afternoon trading. so recall is not super unusual, but definitely also marketing wise, that is not helpful to have almost 400000 electric vehicles effected here in the united states and canada. mark has been pretty rough on tesla lately. i had a very bad 20. 22. how's it looking so far this year? i mean as stock price wise, sir, much better. i mean, in the 1st week,
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some of 2023. the stock was up by a good term 70 percent. when tesla reported earnings a couple of weeks ago, it was actually a brought it a record. a revenue for the last year in mosque is looking at roughly a $2000000.00 of vehicles that can be sold m in this image here. and having that set a test also like other automakers to and it came up with some of it to, to lower prices. so that shows the to reach the sellers. i mean, you often it out of obviously have to be a bit more generous with the price and that asserting a profit margin. so overall, a 23 so far has been much better than 22, but they are still challenges around also, as we see was the recall, even if we don't call it so don't call it a recall. yes. yes, quarter in new york. thank you. we go now to some of the other global business stories making headlines. demonstrators have marched through the streets
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of the french capital, paris for a 5th day of protest against controversial pension reforms. the measures which would raise the retirement age from $62.00 to $64.00 are the flagship policy of french president among wilma con. second term, the proposals have unleashed turbulent debate in france as national assembly strikes by german services. trade union verdes will bring most air traffic in germany to a standstill on friday. germany's busiest hubs, frankfurt and munich have called off all passenger flights for friday. the strike oversold wage negotiations will also severely disrupt traffic and 5 other major airports. beijing has been to u. s. defense companies from trading with china over there, arms sales to taiwan. the commerce ministry added lockheed martin and raytheon to its so called unreliable entity list. top executives will be banned from entering china and the companies will be fined. it's not clear, however, how china will enforce the funds. maybe you've heard of quiet quitting. well,
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the former c e o of consumer products multinational unilever is warning companies of conscious quitting. paul pullman says younger employees want to work for companies that match their values and will quit. those that they find lacking his net positive organization has released a survey of workers between 18 and 41 in the u. s. u k. showing that 2 thirds believe companies aren't doing enough about social challenges, nearly half so they would consider resigning from a company that doesn't match their values. i spoke earlier today with pullman the former unilever head about that survey and asked how exactly younger work workers differed from their elders? well, we're seeing a big different steve, and thanks for the opportunity that are contrary to many of the studies that are out there about employee satisfaction, talking about flexible work time or the installation of the gym or some other facilities. we do see now that the workforce is increasingly concerned about the
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future of the planet and society. in fact, 75 percent are rating this as their main concern equal to actually having a job and earning salary. but curiously, are increasingly we also see that they are seeing and gap emerging between what they expect companies to deliver in this area and what they're expecting from these companies. and what these companies are actually delivering. and then go is causing an enormous anxiety. and this is the thing we want to point out to companies because it is a ticking time bomb. one 3rd of the employees have already consciously quit or organizations because their values were not aligned was what they were looking for and actually 50 percent off. the current workforce is considering leaving because they don't think the c e o is going fast enough, is ambitious enough or actually implement what they say. so that credit for surveyor is a big part. at the same time. your survey shows that money is still
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a primary, if not the primary consideration for employees or values. just a nice to have when the money is there or did they really compete with money? oh steve, it's the same as anything. when you buy a product, let's say you leave or you buy one of our food products, of course it has to taste good and the price has to be competitive. but then all the other criteria kick in. and that's the same here. of course, they want to get paid decently and, and have a roof above their head if you want to. but an equal levels are now real concerns for the planet and concerns for the fellow citizens. and actually they look at the companies in the weight of the companies address these challenges. and if the gap is simply too big in this type labor market, especially for don't, there are many alternative choices. so for the seals, this is a ticking time bomb. one of the key drivers for change now, which we see increasing, increasing the merchant companies are actually the employees themselves. and they are constructive. they also know that the, whilst ambitions need to increase,
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they actually want to be better informed and understand what the company is doing. but they also want to be empowered to be part of the solution. so there's a positive lining to the store, right? but if the compos continue to neglect the price could be high, you just mentioned the tight labor market. what happens when that labor market isn't so tight? and people frankly, need jobs and employees, employers have their pick? what happens to those values then will they still be maintained while they are seen in many of the countries, mister demographic says they are, i'm calling you here from london. 65 percent of the companies report in london right now that they can get the talent. they're looking for and the numbers frankly, are not different and many other places. and it's not only the attraction of employees that we're talking here about, that's actually the motivation of employees. and if they see these companies don't perform or if the gap is becoming too big for us is what is being done versus what
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is being needed. then many of yahoo employees that you need to succeed in increasingly, charles world will be looking for options of the alternative or looking for alternatives elsewhere. and that's a ticking time bomb, i believe, for every seo this issue of conscious quitting that we haven't seen at this level. and as you rightfully pointed out in the beginning, the levels of anxiety in this respect are actually increasing from the general population and the baby boomers to which we belong to the millennials and even higher in the gen cease or one of the largest investors in your former company uno lever has complained that it's fixated on purpose and values instead of improving performance. it's not your company any more, of course, but you know, leave his focus on sustainability began really under your watch. what do you say to these claims that his focus on values actually distracts from more important bottom line considerations?
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well, i think that the base has to be laid to rest. and i think a lot of people are re, re housing old tapes if you want to. increasingly we have the evidence that if companies operate more responsibly or more aggressively attacking the issues of climate change, treating their employees better, having a more diverse. busy workforce having the stronger purpose of why they are in business, which issues they positively want to address. these companies are more likely to attract the talent has better and more robust relationships and the value chain. better anchors in their communities, being more innovative. and ultimately, that is increasing the translating itself into better results. you see it in the financial market equally, where we now have over any trillion dollars of money on the management. calling for companies to dekalb are nice portfolios to be more responsible. we see d. s g investments growing, despite what is happening out there. so that train has left the station. what we
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should not confuse here is that the, in the, the purpose models already being more sustainable business models itself. still require you to operate as discipline to invest behind your brands to hire the right people, put the right organizational structure in place. during my tenure in unilever, which was 10 years we outperformed our competitors. we had a 300 percent shareholder. we done. and every year we had top and bottom line growth. so not only did we become one of the most sustainable companies in the world, we also showed that it was actually in the best interests of the move tom shareholders as well. all right, that's paul pullman, former c e o of unilever. thank you very much for joining us. and you stayed appreciated. his reminder in our top story, tesla says it's recalling almost 363000 vehicles in the u. s. i have to regulators said his driver assistance system did not adequately adhere to trip traffic safety
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loss of the car. baker says it will release an over the air software update free of charge. that's it for me. the dw business team checks out align he w dot com slash business. it's watching through this gadget for measuring methane makes the invisible visible methods impact on climate change has long been underestimated. many emissions are avoidable, but how exactly can they be stopped? and how can the economy benefit from these reductions made in germany
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next on d w. crow, testing police brutality in nigeria. october 20, 20 tens of thousands demonstrate against the police unit. sars against its corruption and vicious with the army reveals killing peaceful demonstrations. but now nigeria, as youth refuses to be silenced so easily in 45 minutes on dw, ah, in journalism filters and overcoming diverse, ah, save the date for the d. w global media forum 2023 in bonn, germany and increasingly fragmented world with
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a growing number of voices, digitally amplified. see where this clutter can lead what we really need, overcoming divisions into vision for tomorrow's journalism. save the date and join us for this discussion. at the 16th edition of d, w. c global media forum ah ah ah ah. observed from the edge of space, images of a suspected chinese spy balloon shot down by the us military show that the world superpowers fighting on a new front.
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