In view of the energy crisis, representatives of the German economy fear a wave of layoffs. The Wolfgang Group, head of the clothing manufacturer Trigema, commented on the situation to the newspaper “Build”. Because of rising electricity prices, “many jobs in Germany are at risk,” says the group. “Unless energy prices come down quickly, we definitely have a huge wave of layoffs ahead.”
Many business representatives are worried about the record electricity price. On August 2, 2020, one megawatt hour of electricity was traded for EUR 398.50 on the EEX power exchange in Leipzig. That is five times as much as a year ago when the price was 76.10 euros.
In addition to Trigema boss Grupp, IHK boss Gößl also warns: Five million jobs are at risk.”
Manfred Goel, General Manager of the IHK Munich-Upper Bavaria, also told the newspaper: “If electricity prices for industry are not reduced, thousands of jobs in Bavaria and thousands of jobs in Germany may be on the brink.”
If Russia’s President Vladimir Putin were to turn off the gas tap completely, one million jobs would be “directly and indirectly at risk” in Bavaria alone. This means that an estimated five million jobs are on the brink in Germany, Goel told the “Bild”.
DIHK President Peter Adrian gets that clear. Almost every fifth company is currently considering reducing production. This is dangerous.
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The shortage of skilled workers has become a major problem in this country. The FDP now wants to bring more workers from abroad to Germany. When recruiting foreign skilled workers, the party relies primarily on the “export hit”.
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