Thursday, June 1, 2023
HomeEconomyGerman firms eye offshore production as energy prices soar

German firms eye offshore production as energy prices soar


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company, founded in Germany was considering moving some of its production out a few years ago Germany to cut costs, Ryder said the airbrake plan was still too vague to convince Rosenthal to reconsider its plans. This week the German government will release details of the air brake and other relief package that will last until spring 100.

High labor and other costs in Germany have prompted many companies to relocate parts or move all of their operations to cheaper locations in emerging European economies and elsewhere, or consider doing so.

Lars Feld, economic adviser to German Finance Minister Christian Lindner, says energy crisis – Soaring gas prices after Russia’s gas supplies to Europe collapsed since Russia’s invasion of Ukraine – are making those decisions a reality.



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