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.