CEO of the Federation of 🇩🇪 German Industries said 1 in 4 German co.'s is considering moving

🔹CEO of the Federation of 🇩🇪 German Industries said 1 in 4 German co.'s is considering moving production to other countries. CEO of chemical industry association, warns "...the gov't is willfully accepting deindustrialization”.

Now in bankruptcy:
📌🇩🇪 Nuremberg kitchen manufacturer Kitchen Source after 40 years in business.

📌 North-Rhine Westphalia 🇩🇪 automotive wheel storage/logistics co. Carewheel GmbH.

📌The DRK (German Red Cross) in Goslar, Lower Saxony. 370,000 euros of donations for Ukraine now in bankruptcy estate.

Previous posts on this channel:

💠 German co.'s operating for over 100 years shut down amidst a surge in bankruptcies.

💠 German utility Uniper, reported a 4.8 billion euros loss & faces nationalisation.

💠 BASF 🇩🇪, the world's largest chemical co. announces “permanent” downsizing in Europe.

💠 Steel manufacturers shut down across Europe.

💠Europe loses 📉 50% of its zinc & aluminum smelting capacity.

💠 Ammonia fertilizer & chemical 🏭 plants shut down across Europe.

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