[Skybird]

According to a survey, a quarter of companies in Germany are planning to cut jobs because of the rise in energy prices. Fifty-seven percent said they wanted to postpone planned investments because of this. And 17 percent of the companies planned to abandon energy-intensive business areas altogether, according to the Ifo survey published on Monday for the Family Business Foundation. In April, the companies had answered the same questions much more optimistically.

According to the survey, 13 percent of the companies are thinking about stopping production, nine percent about relocating operations abroad. According to the survey, almost all companies (90 percent) want to increase their prices in order to absorb the burden of energy costs.

Rainer Kirchdörfer, Chairman of the Foundation, called the results of the survey an alarm signal: "For some time now, we have been seeing a creeping relocation of industrial value creation. We will only feel this as deindustrialization and loss of prosperity in years - but then irreversibly." This "fatal" development in Germany as a business location is accelerating, Kirchdörfer continued. Companies are scaling back manufacturing in Germany or relocating production to places where energy costs, taxes and bureaucratic burdens are lower.

(Die Welt).
--------------------------

It has begun. Next year the massacre will become much more apparent. Euro crisis, debts crisis, inflation, broken logistics chains, Corona, energy prices - thats some crisis too much. The wage-price-spiral has started to turn, and is accelerating its pace more and more.