Nobel Laureate Professor Muhammad Yunus along with Chairman of the Federation of German Trade Unions Michael Sommer and his delegation poses for photograph in the city Tuesday.
Chairman of the German Federation of Trade Unions Michael Sommer has expressed his eagerness to understand how social business can help workers and the underprivileged in new ways.
Mr Sommer expressed the willingness while met Nobel Laureate Professor Muhammad Yunus at the residence of German Ambassador Dr. Albrecht Conze in the city on Tuesday, said a press release.
Mr Sommer and his delegation are in Bangladesh now on a four day visit.
Mr Sommer discussed social business ideas with Prof Yunus and presented his experience with trade unions, which have a 150 year old history in Germany.
Prof Yunus explained how social business, a non-dividend selfless business can solve human problems and especially how to transform unemployment into entrepreneurship.
Social Business could be used to tackle youth unemployment in contexts as diverse as Bangladesh and European countries which are going through extremely high youth unemployment.
Mr Sommer went into details about social business methodology and pointed out many of these ideas have similarity in initiatives taken in the past in Germany for exactly the same reasons.
He invited Prof Yunus to present his ideas to the Convention of German Trade Unions in December 2014 in Germany. Professor Yunus accepted the invitation.
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