Challenges Facing Traditional Industries Amidst Rising Insolvencies
The insolvency of Anhaltische Elektromotorenhersteller (AEM), a historic company employing 150 people, highlights the struggles facing traditional industries in Germany. Managing Director Reiner Storch is actively seeking new investors to navigate this crisis.
Current economic conditions are dire, with insolvencies at record levels, as noted by the Leibniz Institute for Economic Research. Experts warn of further increases due to factors such as weakened economic performance, customer payment issues, and rising energy costs.
The mood among entrepreneurs has deteriorated significantly, marking a concerning trend for the future of the German economy. As companies grapple with these challenges, the path to recovery remains uncertain.
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