| Sysop: | Amessyroom |
|---|---|
| Location: | Fayetteville, NC |
| Users: | 43 |
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| Uptime: | 98:28:40 |
| Calls: | 290 |
| Files: | 905 |
| Messages: | 76,483 |
No surprise here.
Hopefully they won't be freezing this winter due to energy rations.
'Almost all sectors are considering job cuts’ – German bankruptcies growing by double digits
The German economy continues to reel under the ruling far-left
government'
<https://rmx.news/article/almost-all-sectors-are-considering-job-cuts-german-bankruptcies-growing-by-double-digits/>
'Germany’s economy continues to tumble, with the Ifo Employment
Barometer falling to its lowest level in four years, matching the
coronavirus low of 2020. Meanwhile, bankruptcies are growing by double
digits
Germany’s economic crisis is defined by a lack of orders, high labor and energy costs, and high regulation, which has led companies to cut staff
and delay hiring, leading to the Munich-based Ifo indicator to fall to
92.4 in December, after hitting 93.3 in November. The data used is
gathered from a survey of managers across Germany.
“Fewer and fewer companies are adding staff,” said Klaus Wohlrabe, who leads Ifo surveys. “In contrast, the proportion of companies that want
to cut jobs is increasing. Almost all sectors are considering job cuts.”
In particular, the auto industry and its suppliers have been the hardest
hit. However, it is not just manufacturing. Retailers are also planning
to reduce staff instead of hiring.
“While tourism is hiring, personnel service providers and the
hospitality industry are cutting jobs,” said Wohlrabe.
The Federal Statistical Office also announced that bankruptcies continue
to rise, with the number jumping 12.6 percent in November compared to
the same month last year.
The data shows that year-over-year growth rates of insolvencies have
remained in the double-digit range since June 2023, with only one month serving as an exception when it was in the single digits.
Leading economic forecasters and even the government acknowledges that Germany will shrink for the second year in a row.
“A sustainable economic turnaround is not yet foreseeable,” reads the latest monthly report from the Federal Ministry of Economics.
Not only is economic uncertainty high due to the usual factors, but the threat of tariffs are also looming from the United States.
President-elect Donald Trump is promising to hit Europe and China with tariffs as high as 25 percent, with Germany expected to suffer greatly
if such tariffs are put in place'
Go woke
Go broke.
The most efficient, quickest way to ruin a country, state, city is to
elect far left progressives.
They will bleed the place dry.
On 2024-12-21, John Smyth <smythlejon2@hotmail.com> wrote:
No surprise here.
Hopefully they won't be freezing this winter due to energy rations.
'Almost all sectors are considering job cuts’ – German
bankruptcies growing by double digits
The German economy continues to reel under the ruling far-left
government'
<https://rmx.news/article/almost-all-sectors-are-considering-job-cuts-g >>erman-bankruptcies-growing-by-double-digits/>
'Germany’s economy continues to tumble, with the Ifo Employment
Barometer falling to its lowest level in four years, matching the
coronavirus low of 2020. Meanwhile, bankruptcies are growing by
double digits
Germany’s economic crisis is defined by a lack of orders, high
labor and energy costs, and high regulation, which has led companies
to cut staff and delay hiring, leading to the Munich-based Ifo
indicator to fall to 92.4 in December, after hitting 93.3 in
November. The data used is gathered from a survey of managers across
Germany.
“Fewer and fewer companies are adding staff,” said Klaus
Wohlrabe, who leads Ifo surveys. “In contrast, the proportion of
companies that want to cut jobs is increasing. Almost all sectors are
considering job cuts.”
In particular, the auto industry and its suppliers have been the
hardest hit. However, it is not just manufacturing. Retailers are
also planning to reduce staff instead of hiring.
“While tourism is hiring, personnel service providers and the
hospitality industry are cutting jobs,” said Wohlrabe.
The Federal Statistical Office also announced that bankruptcies
continue to rise, with the number jumping 12.6 percent in November
compared to the same month last year.
The data shows that year-over-year growth rates of insolvencies have
remained in the double-digit range since June 2023, with only one
month serving as an exception when it was in the single digits.
Leading economic forecasters and even the government acknowledges
that Germany will shrink for the second year in a row.
“A sustainable economic turnaround is not yet foreseeable,” reads
the latest monthly report from the Federal Ministry of Economics.
Not only is economic uncertainty high due to the usual factors, but
the threat of tariffs are also looming from the United States.
President-elect Donald Trump is promising to hit Europe and China
with tariffs as high as 25 percent, with Germany expected to suffer
greatly if such tariffs are put in place'
Go woke
Go broke.
The most efficient, quickest way to ruin a country, state, city is to
elect far left progressives.
They will bleed the place dry.