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.
Book tip: “Are you paying too much?”
Money expert shows: With these new methods you save up to € 4,420 in the household every year – without sacrificing luxury
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.
The impact of the energy crisis on German companies is shown by the wave of insolvencies that has been going on for months. The last victim: the furniture manufacturer Hülsta. You’ll find more about it here.
This optical illusion will make you doubt your eyes
Other interesting news:
Activists of the climate protection protest group “Last Generation” have carried out an attack on a valuable painting by the French impressionist Claude Monet in Potsdam’s Barberini Museum. A picture from the series “Les Meules” (grainstacks) was sprayed with a viscous mass on Sunday, reported museum spokeswoman Carolin Stranz.
The Russian war of aggression in Ukraine has not only changed the tasks and maneuvers of the Bundeswehr – the special forces of the Federal Police are also preparing themselves for difficult times.
A plane with five German passengers disappeared on the way from Mexico to the province of Limón when radio contact was suddenly lost. McFit founder Rainer Schaller is said to have been on board with his girlfriend and two children. Debris was found off Costa Rica on Saturday.
The original of this article “Many companies are planning job cuts, price increases and production stops” comes from chip.de.
sf/CHIP
;Resize=(1200,627)&impolicy=perceptual&quality=mediumHigh&hash=94a09f5bd4ef6af0323c4c48a06e925ad0ded1f12bd2a495649606c245eef4cf "Only until Friday – Big Amazon sale with 40 percent discount on private labels")
;Resize=(1200,627)&impolicy=perceptual&quality=medium&hash=7af2951603d64bee37cac1faf6650660eb5ba9dd98b1b2f8a1742d0c755658f1 "Speed camera warning for mobile phone contract – Unusual tariff bundle with 15 GB data volume for only 10.99 euros")
