The de-industrialisation of Germany. Read description

In Germany 🇩🇪, today, due to rising 📈 energy / raw material prices & supply chain bottlenecks:

🔹Textile supplier for vehicles 🚗, Borgers SE & Co. KGaA filed for bankruptcy after 156 yrs in business.

🔹One of the largest soap 🧴manufacturers in Europe, Kappus, declares bankruptcy, being in operation since 1848.

🔹Bodeta Süßwaren GmbH confectionery 🍬 founded in 1892, filed for bankruptcy.

🔹Construction 🪚🔨🪜 co. Wolff Hoch- und Ingenieurbau file for bankruptcy after 125 yrs due to bottlenecks in personnel & material.

🔹Bakery 🥐 🍞chain Thilmann Brot GmbH, founded in 1937, declares bankruptcy.

🔹Electricity blackout 🪫 fries computer servers at kitchen designer Einbauküchen Solutions GmbH. This forced the 60 yr old co. into bankruptcy.

Last reported on this channel:

💠 Steel 🏭 manufacturers shut down across Europe.

💠European ammonia fertilizer plants shut down due to lack of Russian 🇷🇺 natural gas.

🔹🇩🇪- Traditional bakery, Thilmann Brot GmbH, founded in 1937, Rhineland-Palatinate branch, has filed for bankruptcy. Cites high energy/raw material prices for operating ovens.

🔹🇩🇪 Department store chain Galeria Karstadt Kaufhof, with 131 branches, declare insolvency. Online retailer Buero.de eyes takeover. (Video)

🔹🇩🇪 Furniture co., Hülsta-Werke Hüls GmbH, after 82 years in operation is insolvent.

🔹🇦🇹 Austrian manufacturer of cable pulls, GA Actuation Systems GmbH, part of German 🇩🇪 holding co. Accursia Capital declares bankruptcy after loss of sales & inability to pay employee pensions.

Last reported on this channel:

💠 Co.'s operating for over 100 years shut down in Germany.

💠 BASF 🇩🇪, the world's largest chemical co. announces “permanent” downsizing in Europe.

💠 Steel manufacturers shut down across Europe.

💠Europe loses 📉 50% of its zinc & aluminum smelting capacity.

💠 Ammonia fertilizer & chemical 🏭 plants shut down across Europe.