Saxon companies continue to be predominantly pessimistic about the economy. This is the result of a joint survey by the Saxon chambers of industry and commerce at the beginning of the year, which was presented in Dresden. According to the survey, almost one in four of the companies surveyed expect to cut jobs (24 percent). Twelve percent of companies intend to create additional jobs.
According to the IHK leaders, the automotive sector, mechanical engineering and the chemical industry in Saxony are particularly affected by the current crisis mood. The hope for the "autumn of reforms" announced by the federal government has now largely given way to disappointment for most companies. The CCIs are calling for lower labor costs, less bureaucracy and simpler application and award procedures as well as more investment incentives for the economy.
Labor costs are the most frequently cited risk factor
The survey involved 1,760 companies from industry, construction, trade, the service and transport sector as well as the hospitality and tourism industry with a total of almost 82,000 employees. Only 14 percent of companies expect business to improve in the future, 26 percent expect it to deteriorate.
