DIHK – fear for employment – economy

The German Chamber of Commerce and Industry (DIHK) considers the deteriorating situation in the automotive industry to be a significant burden for Germany as a business location. “The automotive industry with its many service providers and suppliers accounts for more than a million employees and more than five percent of our total economic output – and therefore for prosperity and employment in Germany,” said the Managing Director Martin Wansleben of the German News Agency. According to a special assessment of the DIHK’s autumn economic survey, the automotive industry believes that its situation is much worse than at the beginning of the summer: 36% of companies consider their situation good, 26% bad. Rising commodity and energy prices are by far the biggest economic risk for automobile manufacturing. In addition, the shortage of skilled workers, the crisis in the global economy and supply chain issues are straining businesses.

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