Peter Hartz given name Peter
Peter Hartz (born 9 August 1941 in Sankt Ingbert), was the human resources executive at the German public company Volkswagen AG (VW). Twenty percent of Volkswagen's shares are owned by the state of Lower Saxony. Hartz became notable as adviser to German chancellor and former Prime Minister of Lower Saxony, Gerhard Schröder, with whom Hartz developed the so-called Hartz-reforms of the German labour market and job agencies; the German welfare benefit, Hartz IV, is named after the fourth stage of his reforms.
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