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The German Democratic Republic (East Germany) started its own standardized education system in the 1960s. The East German equivalent of both primary and secondary schools was the Polytechnic Secondary School (Polytechnische Oberschule), which all students attended for 10 years, from the ages of 6 to 16. At the end of the 10th year, an exit ...
In Germany, there are 342 recognized trades (Ausbildungsberufe) for which an apprenticeship can be completed. They include for example doctor's assistant, banker, dispensing optician, plumber or oven builder. [3] The dual system means that apprentices spend about 50–70% of their time in companies and the rest in formal education.
The system of vocational education is perhaps the most important component of the German model, and is still very prevalent in the German educational system. In Germany, there is a much heavier emphasis on apprenticeships for skilled positions, taught by expert worker-instructors. It has been made possible through long-term politics, focusing ...
A recent example (late 2006) may be found in the Communication on "Efficiency and equity in European education and training systems". This paper was generally welcomed by Member States but it drew criticism from some (in particular Germany and Austria) who felt that it commented negatively on their education and training systems. [13]
Due to a global banking panic, mainly from the preceding collapses of Silicon Valley Bank and Signature Bank, a bank run forced the bank to be placed into receivership by the FDIC and then sold to JPMorgan Chase [19] Signa Holding: Austria: November 2023 Real Estate, Retail: The company collapsed in 2023 with €23 billion ($25 billion) of ...
A dual education system combines apprenticeships in a company and vocational education at a vocational school in one course. This system is practiced in several countries, notably Germany, Austria, Switzerland, South Tyrol and in the German-speaking Community of Belgium, but also for some years now in France and South Korea.
Germany is working on a draft law on reducing risks in the banking sector which foresees the participation of creditors and shareholders in the event of a bankruptcy, the finance ministry said on ...
Business risk implies uncertainty in profits or danger of loss and the events that could pose a risk due to some unforeseen events in future, which causes business to fail. [ 1 ] [ 2 ] [ 3 ] For example, a company may face different risks in production, risks due to irregular supply of raw materials , machinery breakdown, labor unrest, etc.