Gas crisis: "Layoffs are imminent" - IHK and Trigema boss Grupp are sounding the alarm

Created: 08/05/2022, 02:38 p.m

By: Patricia Huber

The enormous increase in electricity prices does not only affect private households.

Companies are also dependent on electricity.

Trigema boss Wolfgang Grupp warns of the consequences.

Munich – As a result of the gas crisis, an electricity crisis is also developing in Germany.

Because part of the German electricity is also produced with the help of gas.

In addition, the last nuclear power plants are scheduled to go offline at the end of this year.

This also influences the price of electricity.

This has even reached a new record on the stock exchange in the current calendar week (31).

A megawatt hour now costs 391 euros, as the comparison

reports.

For comparison: In the same week in 2021, a megawatt hour still cost 70 euros.

This means that the price has increased by 459 percent within a year.

Gas crisis: Trigema boss speaks of imminent “wave of layoffs”

However, this enormous price increase does not only affect private households.

Companies are also dependent on electricity, but now they have to dig much deeper into their pockets.

This could also have consequences for the employees of the companies, as Wolfgang Grupp, head of the sporting goods manufacturer Trigema, warns.

"If energy prices don't drop quickly, we're sure to face a big wave of layoffs!" he told

.

IHK Munich boss Manfred Gößl is also worried about the future of the employees: “If the electricity prices for industry do not go down, thousands of jobs in Bavaria and tens of thousands of jobs in Germany could be on the brink!” He urges

the federal government in the

up to act.

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"Should not be taboo" - IHK boss speaks out for nuclear power plant extension

A possible solution would be to continue operating the nuclear power plants that are currently still connected to the grid.

Gößl says: "Continued operation of the nuclear power plants must not be taboo." The nuclear power plant discussion also seems to be moving in the federal government.

Chancellor Olaf Scholz recently stated that an extension of the term "could make sense".

Bavaria's Prime Minister Markus Söder, CDU leader Friedrich Merz and the Bavarian Economics Minister Hubert Aiwanger visited the Isar 2 nuclear power plant in Landshut yesterday as part of the nuclear power plant discussion.

Their appeal: continued operation is urgently needed.