Germany has adopted a national strategy to fight gender inequality for the first time in its history.
The “Strong for the Future” plan aims to reduce the gender pay gap and get more women in leadership positions in business, the civil service and in politics.
Although Germany has been led for 14 years by a female chancellor held in high global regard, it falls below the European average for gender equality. One declared goal is to increase the number of women on executive boards by applying the existing minimum 30% quota to 600 companies instead of just 105 currently.
Women in Germany still earn on average 20% less than men. “Over a 20% wage gap leads to more than a 50% pension gap between women and men,” says Germany’s Families Minister Franziska Giffey, claiming the new strategy is a “milestone”.
Source: The Local, Germany via Reader’s Digest