FRANKFURT / DÜSSELDORF (dpa-AFX) – According to their works councils, automotive suppliers in Germany are not investing enough money in future-proof technologies. The shortage of semiconductors is currently leading to a significant drop in sales and at the same time sharply increasing prices for plastic, steel and aluminum, stated the participants at a specialist conference by IG Metall and the trade union Hans-Böckler-Foundation on Wednesday. Both hit the suppliers particularly hard because they could not pass the effects on to the manufacturers. This would jeopardize urgently needed investments.
IG Metall boss Jörg Hofmann criticized the behavior of many companies: “Instead of investing in development and new products and systems for climate-neutral mobility, many employers are now reacting with familiar strategies: cutting jobs and relocating to low-wage countries. But the transformation does not and will not succeed climate protection is being postponed. ” Small and medium-sized companies in particular needed support with financing. State money should not be invested in companies that “want to close locations, relocate and sharpen established standards”, demanded Hofmann./ceb/DP/eas
ISIN DE000A1H8BV3 DE0007856023 DE000A13SX22 DE000SHA0159
AXC0185 2021-10-27/12:50
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