Saxony's Crafts in a Slump - 'dying quietly' - Saxon crafts sector braces for downturn as half of businesses fear decline
The Saxon Crafts Association, representing around 54,000 businesses employing 280,000 people, has raised concerns about the sector's current state. Despite a third of businesses rating their situation as good, nearly half expect it to worsen in the coming months.
The crafts sector in Saxony faces pressure from dwindling orders, sluggish investment, high levies, and soaring costs. Only 37 percent of businesses currently view their situation positively, a significant drop from nearly half last autumn. The association urges policymakers, including the Saxon and federal governments, to ease the strain on businesses and break the current downward spiral.
Investment levels remain low due to a lack of planning security and confidence. To attract more people to the sector, the association calls for better informing students about careers in the skilled trades, starting in schools. While welcoming the 'construction turbo' initiative, the association stresses the need for swift implementation of new rules.
The Saxon Crafts Association represents around 54,000 businesses employing 280,000 people. Despite some optimism, nearly half of these businesses expect their situation to worsen in the coming months due to various pressures. The association urges policymakers to take action, improve career information, and swiftly implement new rules to boost the sector's prospects.
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