9,132.30 TRY BIST 100 BIST 100
34.26 USD USD USD
37.55 EUR EUR EUR
4.86 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
43.92 TRY Interest Interest
77.12 USD Fossil Oil Fossil Oil
30.55 USD Silver Silver
4.43 USD Copper Copper
105.04 USD Iron Ore Iron Ore
375.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,875.93 TRY Gold (gr) Gold (gr)

German unions are concerned about rising energy costs

German unions made serious statements and warnings that increasing energy costs, which are well above world standards, put thousands of jobs at risk in the future and this may lead to job losses.

German unions are concerned about rising energy costs

Many unions in Germany have warned of the serious consequences of rising energy pricing in the country, saying thousands of businesses are at risk from high-priced electricity costs above international standards.

In the joint statement published by the unions, it was underlined that energy-intensive sectors such as steel production, chemicals and construction materials are now vulnerable.

"The German government must intervene to steer the price of industrial electricity. Otherwise, the steel production, aluminum industry and other energy-intensive sectors will sooner or later risk being wiped out of Germany," one of the union presidents said in a statement on the situation.

Depending on this situation, it was emphasized that thousands of business lines connected to the sectors where energy is used intensively will directly or indirectly affect it.

Unions are also calling for nationwide strikes and protests on Thursday, aiming to raise demands for competitive industrial electricity prices and long-term predictability of electricity costs internationally.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Trade Minister Bolat gives green light to exporters

Sunday, October 6, 2024

Construction materials production decreased by 1.3% in September

Friday, October 4, 2024

Netherlands restricts exports of chip manufacturing equipment

Saturday, September 7, 2024

Minister Simsek: “We left behind a challenging period in the economy, growth and stability are improving”

Monday, September 2, 2024

China's economic growth rate falls

Saturday, August 31, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now