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Factories Shutting Down In Europe Amid High Electricity Costs


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https://www.google.ca/amp/s/www.nytimes.com/2022/09/19/business/europe-energy-crisis-factories.amp.html

 

Some manufacturers in Europe especially high energy intensive ones such as smelters, aluminium producers, paper makers etc are being forced to slow and in some cases shut down production as electricity prices have gotten so high it has made their businesses unable to compete

 

Some manufacturers have also been announcing reductions in planned production in Europe and shifting production overseas to places such as the United States

 

 

 

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Economy

This is not good for supply shortages and supply chain disruptions

 

We already got China still doing lockdowns forcing their factories to still shut down periodically and now Europe

 

This may explain why North American manufacturing has done better last few years tho relative to the rest of the world. Not as many supply chain disruptions as in Asia and no energy crisis like Europe

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Debithius
5 minutes ago, AnnaNicoleSmith said:

Europe being a loser now

Europe survived two World Wars, let's not lol.

Also the entire world will be losers thanks to Russia.

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AnnaNicoleSmith
21 minutes ago, Debithius said:

Europe survived two World Wars, let's not lol.

Also the entire world will be losers thanks to Russia.

What would we be without the US’ help in those wars

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SimonBaetens
22 minutes ago, AnnaNicoleSmith said:

What would we be without the US’ help in those wars

Waw are we really gonna have this discussion lol, reducing world politics to kindergarten fights

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AnnaNicoleSmith
44 minutes ago, chun li said:

Europe is big loser I can confirm I live here

We r becoming losers for sure

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Suuus
4 hours ago, AnnaNicoleSmith said:

What would we be without the US’ help in those wars

Yet the us is still unable to fix their own problems 

Edited by Suuus
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HEARTSTOP
4 hours ago, AnnaNicoleSmith said:

What would we be without the US’ help in those wars

Let's not pretend the US has no hand in instigating this

IDGAF
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Debithius
9 hours ago, AnnaNicoleSmith said:

What would we be without the US’ help in those wars

Japan wouldn't have been bombed I suppose? They didn't give a sh!t about Europe and Europe survived the economic downfall of WW1 and WW2. Nobody helped us with that. 

Europe will be just fine without Russia. The real losers are the middle eastern countries and Africa right now, let's be real.

 

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Debithius
8 hours ago, chun li said:

Europe is big loser I can confirm I live here

It depends on the country to be honest.

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Ronk
5 hours ago, Suuus said:

Yet the us is still unable to fix their own problems 

So true.  I live in the US and it's sad what a mess it has been for several years now.

I live outside the space time continuum.
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Suuus
1 hour ago, Ronk said:

So true.  I live in the US and it's sad what a mess it has been for several years now.

I feel so bad for yall overthere

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