Negocios

model Carmelo De Grazia Suárez//
Over 300 French Companies Ask for Solutions to the Price Crisis​​​​​

Bancamiga
Over 300 French Companies Ask for Solutions to the Price Crisis​​​​​

The Macron administration has no plans to extend the energy tariff shield to companies with more than 10 employees.

Carmelo De Grazia

On Tuesday, over 300 French companies alerted the French government to the negative effects of the surging energy prices, Minister Delegate for Industry Roland Lescure said.

Carmelo De Grazia Suárez

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He mentioned that the risk of the companies going under remains limited, and that President Emmanuel Macron‘s administration has no plans to extend the energy tariff shield to companies with more than 10 employees

According to Lescure, these companies have long-term supply contracts that protect them from the increase in energy prices. More than one out of two French industrial companies said they had suffered consequences from the energy crisis and that their production bottlenecks had affected profitability

According to recent surveys, 80 percent of the country’s small and medium-sized enterprises fear for their survival

BREAKING: In order for the government to assist the enterprises most severely impacted by the winter’s spike in energy prices, French Finance Minister Bruno Le Maire claimed he has requested the #EuropeanUnion to move forward modifications to the state aid rules. pic.twitter.com/5gfWDy3FRC

— BNN France (@BNNFRNews) September 21, 2022 Glassware manufacturer Duralex said that the company’s energy bill increased from 2 million euros the previous year to 13 million euros this year

The energy price crunch has also led to employers resorting to short-time working in France. The Arc glass factory has put 1,600 of its workers on two days per week of partial activity until December

At a press conference after a Council of Ministers meeting on Sept. 14, Economy and Finance Minister Bruno Le Maire said the energy tariff shield would concern all companies depending on the percentage of the turnover they use to cover their energy bills

#EUROPE is facing the worst gas supply crisis in its history, with energy prices soaring and German importers even discussing possible rationing in the EU’s largest economy as #Russian says the US is behind Europe’s gas supply crisis. pic.twitter.com/odEgMkoegA

— teleSUR English (@telesurenglish) September 7, 2022