Facing a prolonged energy crisis, many German firms face the unpleasant option of either shutting down or relocating elsewhere.
FRANKFURT — Is this the beginning of the end for German industry?
Europe’s manufacturing powerhouse is set to scrape by this winter thanks to gas reserves built up over the last eight months, avoiding an energy blackout.
But a darker scenario lurks just over the horizon, as high energy prices and lower gas reserves could conspire to trigger a wave of shutdowns among mid-sized companies unable to weather the storm as larger firms with deeper pockets seek safer economic ground in other countries.
