More than 4,700 employees in Saxony lost their jobs in the first half of 2025 due to insolvency proceedings at their companies. This is according to data from the Federal Statistical Office, which was requested by the Sahra Wagenknecht Alliance (BSW). In the previous year as a whole, the figure was just over 6,300 employees - a significant increase compared to 2023 (5,500) and 2022 (2,300).
The bankruptcy vulture is circling over the German economy, said BSW leader Sahra Wagenknecht. The main cause of the wave of insolvencies and rising unemployment is the completely absurd economic policy of the German government. "Extremely high energy costs and rampant bureaucracy are strangling SMEs and leading to the deindustrialization of our country."
