ifo survey shows: Many companies are planning job cuts, price increases and production stops
As a result of the energy crisis, many companies feel compelled to act. A number of corporations do not rule out job cuts, price increases and production stops.
The gas and electricity price crisis is hitting the German economy hard. While family businesses in particular have often had to react by discontinuing projects or stopping production, many corporations will soon have to take further measures.
According to a representative survey conducted by the Ifo Institute on behalf of the Familienunternehmen.de foundation, 90 percent of the companies surveyed have already implemented price increases or intend to raise prices again in the coming weeks.
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Energy crisis: Job cuts are also a possible measure for many
25 percent consider cutting jobs as a measure to respond to rising energy prices. Production stops are also becoming increasingly likely. 13 percent of the companies surveyed are considering this – more than twice as many as in April. In the current survey, nine percent of companies are considering relocating production.
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The original of this article “Many companies are planning job cuts, price increases and production stops” comes from chip.de.
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