Trump’s Megazölle will fall deeper into the recession this year. The production broke out with 6.2 percent in 2024. About 13,000 jobs were lost, this year there are more jobs at stake. Industrial chairman Sigi Menz demands that politics quickly make short work possible again.
According to a new survey, 84 percent of Austria’s job losses and industrialization fear on behalf of the Chamber of Commerce. “The location is dramatic, we are in the middle of industrialization,” says Siegfried Menz, chairman of the Industrial Division in the Chamber of Commerce. The production of companies in 23 months has fallen compared to the past 24 months.
And according to a survey, this negative key continues: the majority of companies expected further losses and dismantling. The decline can be delayed at its best, but not stopped, feared entrepreneurs.
Order inputs also break in
Because the order situation also gives little reason to hope: new orders have been taken by half. In 2024 a total of 128 billion euros was less registered than in the previous year. The decline has been more than 10 billion euros since 2022.
The rates that have now been announced by Donald Trump therefore found the industrial companies at a special delicate location. The WiFo expects an extra minus of GDP of more than 0.3 percentage points. Because domestic companies earn six out of ten euros in export, Austria is particularly affected by the EU countries.
The difficult situation on the world market also endangers other jobs in Austria. In 2024, 13,000 jobs were already lost, more than 7,000 of them in the metal -technical industry. Further redundancies will probably follow this year.
Short work again in large space
Menz urgently demands simpler access to short time work from politics. For example, an application must be relatively easy for three months, so that companies in turbulence can stay above water quickly. In addition, the goals of the AMS criteria -catalog must be changed immediately. The short time work was high during the pandemic, but is now again above the table. This is not the case everywhere: in Germany this instrument already needs 270,000 people last fall, while there were fewer than 100 in Austria.
Otherwise, the industry appeals to politics and requires effective measures against excessive electricity and energy prices. The compensation of the electricity price must be extended by 2030, Austria is one of the few European countries behind it. Moreover, the bureaucracy must be combated and the non -wage costs are reduced, Menz requires again.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
