Germany’s Krupp Mannesmann Steel Mill “In Danger Of Failing Due To Financing”, Green Energy Costs
By P Gosselin on 11. December 2022
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Major German steel plant threatened with closure due to green energies transition…
German site pleiteticker.de here reports on one of the latest victim’s of the green energy’s debacle in Germany as the fourth-largest steel producer is now seriously threatened with closure.
Much of Germany’s industrial bas been hard hit by the skyrocketing energy prices that have resulted from the country’s move to green energies, like sun and wind, and away from nuclear power and fossil fuels.
“3100 jobs are now in acute danger, reports opleiteticker.de. “The planned conversion to climate-neutral steel production at Hüttenwerke Krupp Mannesmann (HKM) in Duisburg is in danger of failing due to financing, according to IG Metall. IG Metall is Germany’s powerful industrial and engineering trade union, representing more than 2 million workers nationwide.
https://notrickszone.com/2022/12/11/germanys-krupp-mannesmann-steel-mill-in-danger-of-failing-due-to-financing-green-energy-costs/
