Challenges Facing Bavarian Metal Employers

Bavarian metal employers are bracing for significant job cuts, with 44% anticipating a decline in workforce and 16% fearing substantial reductions. The overall sentiment is grim, as 47% of companies describe the current situation as poor.

Investment plans are also being scaled back, with 51% of firms intending to cut expenditures. Factors contributing to this downturn include rising labor costs, bureaucratic hurdles, and energy expenses.

The trend of relocating jobs abroad is gaining momentum, particularly towards Eastern European countries, the USA, and China. Despite these challenges, 90% of respondents still believe in the potential of Germany as a location for business, calling for fundamental reforms to improve the operating environment.