Downsizing ahead of deindustrialization

The EU Commission unveiled its proposed Single Market Emergency Instrument on Mon. for “crisis-proofing” the single market and “equipping Europe with a robust toolbox to preserve free movement and availability of relevant goods and services.” What it basically means is that if there is a crisis that disrupts or threatens supply chains, Brussels will have the ultimate power to direct companies to produce certain products or provide certain services. Czech companies should study this closely, not only to familiarize themselves with what might apply to them down the road, but also to get ideas about how to act on the national level. There will soon be huge overcapacity in industry, as demand falls and energy costs make it economically unfeasible to keep going at current speeds. An unstated government policy of deindustrialization will only exacerbate this. Czech owners might want to consider a mutually beneficial downsizing plan before someone else decides for them.

FW220921

Source

Recent posts

See All
  • Hans Weber
  • April 8, 2024

Neorenaissance mit Biergarten und Geschichtsbewusstsein

  • Hans Weber
  • April 8, 2024

Tatra Trucks investiert 700 Mio. CZK in die Zukunft des Werkes in Kopřivnice

  • Hans Weber
  • April 8, 2024

Umfrage: Tschechischer Präsident Pavel bleibt der Politiker mit dem höchsten Vertrauen in der Bevölkerung

Prague Forum Membership

Join us

Be part of building bridges and channels to engage all the international key voices and decision makers living in the Czech Republic.

Become a member

Prague Forum Membership

Join us

    Close