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Drought hits Polish farmers
June is a key month for agriculture – the amount of water that falls on the fields and the distribution and abundance of rainfall determines the yield of plants, especially cereals, which are the basis of our agriculture. And this month looks disastrous. There is supposed to be less rainfall than usual, but temperatures are higher than average. So it will be hot and dry. In addition, rainfall, if it does occur, is supposed to be heavy, short-lived and heavy, and such rains will not only not improve the situation of plants,...
Scania closes the factory in Slupsk. Redundancies will affect several hundred people
Scania will lay off 847 people working at its Słupsk factory. The Swedish company has decided to close the plant producing bus bodies. The company said the decision was motivated by negative changes in the global market in the bus segment. The factory is scheduled to close in the first quarter of 2024. The company's management has indicated that they are starting talks with trade unions. Scania is another automotive company that has recently announced mass layoffs. This shows that...
65% of companies in raised prices by rising energy costs
Already half of enterprises declare that rising prices of energy, fuels and energy raw materials are barriers that significantly impede their functioning – this is the conclusion from the report of the Polish Economic Institute. What actions are Polish companies taking in response to the energy crisis?65% of enterprises increased the prices of their products and services57% reduced the general operating costs of their organization46% sought cheaper raw materials, materials and services from suppliers36% suspended...
Industrial production dynamics are declining
According to the Central Statistical Office, industrial production fell by 6.4% year-on-year in April. This is a drop significantly below the forecast (-3.5%). April saw a significant year-on-year decline in the production of energy-related goods – by 14.5%, durable consumer goods – by 13.5%, supply goods – by 10.8% and non-durable consumer goods – by 5.3%. On the other hand, the production of investment goods increased – by 7.2%. As ING economists point out, “the deep decline in production...
Inflation the biggest blow to 77% Polish companies
Inflation has been the biggest challenge in recent years for 77% entrepreneurs. Of these, 44% rated its impact as "very high". This is the conclusion of the study "Small, medium-sized companies - big challenges", conducted by the research agency IQS on behalf of the insurance company Wiener. The second most frequently mentioned challenge was the increase in labor costs - their impact was felt by 70% companies. The same percentage of respondents also indicated fuel costs as a key factor influencing the condition of their company....
Despite the crisis, companies in Poland are not giving up on IT investments
As many as 71 percent of companies perceive the high pace of automation and digitization as the best opportunity to introduce innovative solutions - according to the study "IT investments in times of crisis. Cloud and new technologies. Prospects for 2022-2023" conducted by POLCOM and Intel. More on this topic can be read in the article @Puls Biznesu The article was published on the @Puls Biznesu portal on May 16, 2023. We invite you to read its full version: » Despite the crisis, companies in Poland...
Generation Y and Z want to reinvent themselves. Which companies are facing a workforce crisis?
As many as one third of Generation Y and Z employees are considering changing jobs, and every fifth is thinking about changing industries – this is the conclusion of a study conducted by RocketJobs.pl. The industry in which changing jobs was most often considered is sales. Leaving is the least talked about in design. The report "How to work so as not to regret? - Generation Z and Generation Y on regret, satisfaction and risk at work" shows that one of the main reasons for job dissatisfaction is the amount of salary. Almost...
Business believes high inflation will continue
Entrepreneurs are more concerned about legal changes than about the development prospects for their companies. Perhaps that is why they are more cautious than economists in predicting a drop in inflation. As many as 64% of entrepreneurs are concerned about legal changes and the actions of the administration – this is the conclusion of the “Business Index” study conducted by the Indicator Marketing Research Center for the Lewiatan Confederation. In the case of 65% of respondents, anxiety also transfers to predictions regarding the development of the company. From the report...
Despite growing profits, Volvo will lay off 1,300 people
Despite numerous announcements about the company's increasingly better results, the Volvo boss has announced plans for mass job cuts. The layoffs will mainly affect office workers in Sweden. "Economic turmoil, rising raw material prices and increasingly fierce competition will most likely remain a challenge for our industry for some time," Volvo CEO Jim Rowan comments on the decision. This is yet another global giant that has recently decided to cut jobs. This shows that...
Payment congestion: IT sector debt up by a fifth
According to data from the National Debt Register of the Economic Information Office, the IT industry's arrears have increased by almost 22% and currently amount to over PLN 230 million. In March 2022, the sector's financial arrears amounted to less than PLN 180 million. The number of indebted entities increased from 6,388 to 7,028, and the average debt is PLN 32.8 thousand, which is PLN 4 thousand more than a year earlier. The IT sector is one of the industries that is particularly strongly affected by payment arrears. It would be much easier for companies to repay their debt,...
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