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The mood in the metal and electrical industries is deteriorating - expectations are cautious, orders are declining, bureaucracy is putting a strain on companies.
According to a report from www.br.de, the mood in the Central and Upper Franconian metal and electrical industry has deteriorated further. Companies are pessimistic and complain about the simmering budget crisis, high energy costs and excessive bureaucracy. The results of the winter economic survey by the Bavarian Metal and Electrical Association. V. show that companies in Middle and Upper Franconia are increasingly struggling with challenges. The willingness to invest is cautious, and more than half of the metal and electrical companies say that the site conditions have deteriorated in recent years. Some companies are even thinking about relocating production abroad. The bad mood also affects...
The mood in the metal and electrical industries is deteriorating - expectations are cautious, orders are declining, bureaucracy is putting a strain on companies.
According to a report from www.br.de, the mood in the Central and Upper Franconian metal and electrical industry has deteriorated further. Companies are pessimistic and complain about the simmering budget crisis, high energy costs and excessive bureaucracy.
The results of the winter economic survey by the Bavarian Metal and Electrical Association. V. show that companies in Middle and Upper Franconia are increasingly struggling with challenges. The willingness to invest is cautious, and more than half of the metal and electrical companies say that the site conditions have deteriorated in recent years. Some companies are even thinking about relocating production abroad.
The bad mood also affects employment. The association expects that 2,000 fewer people will be employed in the Central Franconian metal and electrical industry this year. Location conditions are also deteriorating in Upper Franconia and companies are planning job cuts. The plastics specialist Rehau is cutting jobs nationwide, and the shortage of skilled workers remains a huge problem.
The impact of this development on the market and the financial sector is significant. The reluctance to invest and the uncertainty in the markets could lead to slower economic development. In addition, job cuts will impact the regional economy. The shortage of skilled workers could lead to reduced productivity and an overall poorer competitiveness of companies.
This development highlights the need for a reliable location policy and effective support for companies from politicians. Measures must be taken to improve site conditions, reduce bureaucracy and counteract the shortage of skilled workers. Otherwise there is a risk of a further weakening of the metal and electrical industry in Middle and Upper Franconia.
Read the source article at www.br.de