27 French Factories Closed Due To Energy Crisis

Twenty-seven factories have recently closed their doors or suspended their activities due to the energy crisis that is rocking Europe and France, skynewsarabia reported.
Two leading companies “Cofigeo”, an agrifood factory, and “Duralex”, a glassware and tabletop specialist, shut down recently over skyrocketing energy prices.
José-Luis Llacona, Head of the Duralex factory, explained that energy prices increased twenty-fold compared to the period before the Ukrainian crisis.
Spokesperson of the “federation of mining and energy” trade union, Fabrice Coudour, said that privatization and dependency are major problems for France’s economy.
The automobile industry might be also impacted by the closure phenomenon, due to inflation, poor sales and change in customer behavior in favor of electric cars.
French government allocated 24 billion euros in 2022 and 45 billion in 2023 to protect France’s consumers from rising energy prices, but these measures are limited to households and exclude factories and companies.