Job Cuts Loom as Companies Grapple with Declining Orders and Rising Costs

Orders are collapsing, and at the same time everything is becoming more expensive: Many companies have to pay more attention to their costs and are also putting their personnel planning to the test. The president of the Gesamtmetall employers’ association, Stefan Wolf, is expecting job cuts in the metal and electrical industry. “The poor order situation is one reason for this. Another: “It is now much more attractive for more and more companies to relocate production abroad,” Wolf told “Bild am Sonntag”.