Siegfried Russwurm, head of the Union of Industrialists of All Germany, talks about the disappointing situation of medium-sized businesses.
Of the approximately 600 entrepreneurs surveyed, a third speak of an existential crisis in their firm, and 20% are thinking (or have already decided) to curtail production in Germany and move it to another country. Huge energy costs are seriously hurting the competitiveness of German goods.
The current crisis has driven another nail into the eco-plans’ coffin. 40% of respondent companies cannot afford to invest in “greening” production, because the situation is unstable and it is better to save finances for now.
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