Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Iranian President Masoud Pezeshkian in a phone call with Malaysian PM: Iran will not violate the ceasefire as long as the Israeli entity abides by it
IRGC: In last night’s operation, we gave the Israeli entity a historic lesson it will never forget.
IRGC: The Israeli entity helplessly pleaded with its American partners for a ceasefire.
IRGC: In response to this blatant crime, IRGC, in 22nd wave of Operation True Promise 3, destroyed Israeli military centers by launching 14 missiles across various parts of the Israeli entity.
IRGC: Desperate, helpless, and frustrated Israeli entity, disheartened by heroic defense of the Iranian people, carried out a brutal attack that resulted in the martyrdom of several citizens.
IRGC: 22nd wave of Operation True Promise 3 was historic, meaningful lesson for Israeli enemy.
US President Donald Trump says both "Israel" and Iran violated ceasefire: Not happy with "Israel", not happy with Iran either, but really unhappy with "Israel".
Khatam al-Anbia HQ: Armed forces had previously announced they would not leave any attack without response; the entity will pay a heavy price.
Iran's Khatam al-Anbia HQ: Israeli entity launched attacks on Iran until 9 a.m over three waves.
Russian Deputy Foreign Minister: No evidence presented that Iran was planning an attack on "Israel"

German unions caution of large-scale job losses

  • By Al Mayadeen English
  • Source: Agencies
  • 8 Mar 2023 13:38
  • 2 Shares
2 Min Read

In a joint statement, the unions warned that energy-intensive industries such as steel production, chemicals, and construction materials are now vulnerable.

  • x
  • Porsche employees in the metalworkers’ union IG Metall demonstrate for the right to a 28-hour working week with a limited loss of salary. (AFP)
    Porsche employees in the metalworkers’ union IG Metall demonstrate the right to a 28-hour working week with a limited loss of salary. (AFP)

Numerous trade unions in Germany have warned of the dire effects of the country's growing energy costs, warning that hundreds of thousands of jobs are at risk due to electricity rates that surpass international standards.

In a joint statement, the unions warned that energy-intensive industries such as steel production, chemicals, and construction materials were now vulnerable.

On his account, the first Chairman of the IG Metall trade union Jorg Hofmann, said, "the German government must intervene to steer the price of industrial electricity."

"Otherwise, steel production, the aluminum industry, and other energy-intensive sectors risk disappearing from Germany sooner or later," he added.

That would "directly and indirectly affect hundreds of thousands of jobs," Hofmann said.

The trade unions called for more statewide strikes and protests on Thursday, intending to press their case for internationally competitive industrial electricity prices and long-term power cost stability.

For several months, German business has been complaining about higher local energy costs in comparison to international standards. 

Related News

CNBC unveils strategic plan to revitalize Syria energy sector with US

Syria to sign deal to import electricity from Turkey, minister says

Although the government has taken steps to minimize the price increase, unions claim that these steps would result in an increase in electricity prices.

Power costs in Germany have been growing since the fall of 2021, with the initial increase attributed to rising consumption amid global coronavirus lockdowns. 

Natural gas shortages have been an element driving increasing electricity prices since the war in Ukraine started in February last year.

Germany had one of the highest electricity rates in the world as of June 2022, at $0.52 per kilowatt hour (kWh).

In the stock market, the price of electricity for the coming year in Germany hit €850 ($850) per megawatt-hour (MWh). Oil and gas prices have skyrocketed as the West uses hydrocarbon supply as a bargaining tool to push Russia's hand.

Fuel and power market prices have changed correspondingly, resulting in double-digit energy inflation.

Rising energy prices and runaway inflation have severely harmed Europeans' livelihoods after Europe broke energy relations with Russia, Europe's main source of natural gas, over the war in Ukraine.

Read next: The US scapegoat: Europe dragged into yet another conflict

  • Energy crisis
  • Germany
  • war in Ukraine
  • German unions

Most Read

Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Rescue team work at the site where a missile launched from Iran struck Tel Aviv, Israel, Monday, June 16, 2025 (AP)

Wave 12 of Operation True Promise 3 launched, Sejjil deployed: IRGC

  • Politics
  • 18 Jun 2025
Iran launches missile barrage to Tel Aviv, casualties reported

True Promise 3, wave 14: Tel Aviv targeted, casualties reported

  • Politics
  • 19 Jun 2025
Iran's heavy barrages impact multiple Israeli targets overnight

Iran's heavy barrages impact multiple Israeli targets overnight

  • Palestine
  • 18 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Qatari Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani, right, speaks with Iranian Foreign Minister Abbas Araghchi during their meeting in Tehran, Iran, Monday, Aug. 26, 2024. (AP)
Politics

Qatar confirms US request to mediate Iran-'Israel' ceasefire

A Palestinian girl waits to collect donated food at a food distribution kitchen in Deir al-Balah, Gaza Strip, on May 30, 2025. (AP Photo/Abdel Kareem Hana)
Politics

Weaponization of food in Gaza constitutes war crime: UN

US President Donald Trump speaks from the East Room of the White House in Washington, Saturday, June 21, 2025. (Carlos Barria/Pool via AP)
Politics

Trump’s surprise ceasefire shakes US officials and allies: NYT

US strikes deliberately avoided Iran’s Isfahan reactors: Bloomberg
Politics

US strikes deliberately avoided Iran’s Isfahan reactors: Bloomberg

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS