(Bloomberg) -- The top executives of Daimler AG and BMW AG joined other German corporate leaders to denounce racism, taking a rare public stand in a sign of the growing concern about the threat nationalism poses to an economy dependent on exports and in need of immigrants to shore up its aging workforce.
BMW and Daimler, the maker of Mercedes-Benz cars and trucks, pointed to their German staffs with people from more than 100 different countries. Chemical maker BASF SE, retailer Metro AG, insurer Allianz SE and lenders Deutsche Bank AG and Commerzbank AG also participated in the coordinated campaign involving most of Germany's biggest listed companies.
“There is no place for racism at Daimler,” Chief Executive Officer Dieter Zetsche said on Twitter. “Everyone of us is now called upon to stand united against radicalization. Because radicalization has never solved any problem.”
#FlaggefürVielfalt #Daimler @ChartaVielfalt pic.twitter.com/oo2oSrop4S
The campaign comes some three weeks after violent protests by anti-immigrant, right-wing extremists erupted in the eastern city of Chemnitz, catching business and political leaders off guard. While Siemens AG Chief Executive Officer Joe Kaeser urged staff to stand against “xenophobia and public breach of law” on the day of the unrest, most executives have so far stayed on the sidelines.
The shift to the right is becoming harder to ignore as similar protests emerge elsewhere in the country. The trend is fueled by a populist wave throughout Europe and the inroads of the far-right AfD party, which was voted into German parliament for the first time in last year's general election and support has risen to as high as 17.5 percent in recent polls.
To read more on Germany's battle against xenophobia, click here
BMW Chief Executive Officer Harald Krueger said in his post: “We clearly stand for an open culture, for diversity, for togetherness.”
