Trigema Boss Grupp Slams Managers, Suggests Change in Approach
Wolfgang Grupp, CEO of Trigema, voiced his disapproval of the growing criticism towards Germany as a business location and pointed fingers at management as the root cause of companies' issues in an interview with ntv. He emphasized the necessity for decision-makers to take responsibility for their actions to restore Germany's former business glory.
Grupp, a family entrepreneur and sole managing director of the textile manufacturer, attributes the country's challenges to the lack of accountability among managers. In a thriving location like Burladingen, the entrepreneur pointed out that the entrepreneurs themselves determine its character. Grupp mentioned the bankruptcy of Signa Holding's René Benko as an example of mismanaged responsibility, but he refrained from placing blame solely on the investor. Instead, he criticized the current legal framework that facilitated Benko's reckless borrowing.
Business Empowerment Through Tiny Housing
Despite Grupp's criticism of executive salaries and loan practices, Trigema has undertaken an initiative to attract and empower its employees by building tiny houses. Trigema junior, the boss's son, explained that the homes will provide flexible and sustainable housing for newcomers, ultimately addressing the skilled labor shortage in the region. This innovative approach aligns with Trigema's sustainability strategy while catering to the estimated 800,000 housing shortage in Germany.
Grupp urged for quick-acting legal changes to enable the construction of tiny houses, as the existing framework poses a significant hurdle to this solution. With these efforts, Trigema proves to be an innovation-driven company that is not only concerned with its bottom line but also prioritizes the well-being of its workforce and the solution to regional issues.
In the face of mounting criticism, Wolfgang Grupp dared to challenge the status quo and took steps towards restoring Germany's reputation as a business powerhouse through employee empowerment and prudent management.
