Plant closures, unemployment, inflation and more feared
“What we are experiencing is a classic market failure that is driving European industry against the wall,” complains CEO Michael Junghans, fearing short-time work, plant closures, unemployment and inflation. Just like his colleagues from Chemie Brückl and Treibacher Industrie AG (TIAG), whose plants use a lot of energy but whose products are used everywhere. “We are currently still able to pass on some of the price increases,” says TIAG CEO Rene Haberl.
Entrepreneurs worried – “We’re driving our industry against the wall!”
