Economic policy - Metal industry complains about location conditions
The Bavarian metal and electrical industry wants to invest less and cut jobs. This is the result of a survey by the employers' associations Bayme and VBM, which was presented on Tuesday. "Two thirds of companies see poorer conditions for their location," said Managing Director Bertram Brossardt, referring to the federal government's budget policy, energy and labor costs and "excessive bureaucracy".
Just under a quarter of the companies surveyed rated the current business situation as good. Expectations for the coming year are negative, especially for domestic business. Companies' investment plans have shrunk further. "Every second company wants to invest abroad, only one in seven at home," said Brossardt. "If the framework conditions do not improve quickly and politicians do not ensure planning security and stability, we fear increasing deindustrialization."
The employment plans of metal and electrical companies are negative despite the shortage of workers and skilled workers. They have created around 11,000 jobs this year. Next year, employment is expected to fall by around 5,000 people. "If we don't change course, we will see an increase in unemployment."
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Source: www.stern.de
