Most plants cannot replace natural gas in the short term
The energy crisis has already reached some German companies, even without shutting down the gas supply.
In a survey, 14 percent of the companies surveyed are already reporting a drop in production. 58 percent could not replace the vital natural gas in the short term.
Nuremberg. According to a study, the energy crisis has already reached some German companies without shutting down the gas supply.
In a survey by the Institute for Labor Market and Occupational Research (IAB) in May, 14 percent of almost 2,000 companies reported a drop in production as a result of the Ukraine war, according to the trade journal “Wurtschaftsdienst. According to the authors, the risk of a gas embargo for the German economy would be high. Most companies (58 percent) could not replace the vital natural gas in the short term.
If Russian gas supplies are disrupted, about two-thirds of energy-intensive companies that need natural gas expect significant production cuts or even a halt. In the case of non-energy-intensive companies, it is more than one in five. Although most companies would continue to deliver even if delivery was stopped, the authors write that there was initially no way around a certain rationing.
Energy prices make things difficult for companies
According to this, 70 percent of companies have been affected by the surge in energy prices since the beginning of the war. 25 percent of the companies that bought in advance reported delivery bottlenecks.
Almost every second company (45 percent) has already increased its prices because of the economic consequences of the war. The proportion in the main construction trades is 77 percent, above average in the transport (75 percent), hospitality (73 percent) and industry (67 percent) sectors. Overall, another 27 percent of those surveyed expect a price increase.
On the other hand, the labor market has so far proven to be comparatively strong. Around 12 percent of the companies have taken personnel measures, mostly in the form of reducing working hours and overtime. According to the information, layoffs are hardly an issue.
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