The Pak Banker

German auto suppliers face wave of bankruptci­es

-

German auto suppliers are facing a wave of bankruptci­es next year because many companies may no longer be able to pay their electricit­y bills, local media reported.

"In the first half of 2023, we're going to see a lot of bankruptci­es because companies can't pay their electricit­y bills," Stefan Wolf, the head of auto supplier Elringklin­ger, told the automotive magazine Automobilw­oche.

He said he has never seen such massive cost increases in the past 25 years, adding that in addition to energy inflation, prices for plastic granules and steel have increased dramatical­ly.

Although the automotive suppliers are trying to get compensati­on from their customers, the car makers, according to Wolf, this is not 100% successful.

"The costs are directly reflected in the bottom line," he added. He also complains about union demands for an 8% hike in salary. These demands are "out of the world," Wolf said.

Italy's new interior minister insisted Monday it was treating migrants "with humanity" after widespread criticism of moves to allow only the most vulnerable to disembark from charity rescue ships.

Around 500 migrants disembarke­d in the Sicilian port of Catania over the weekend after being rescued by two charity ships from leaky, overcrowde­d boats seeking to cross from North Africa to Europe.

But around 250 from the two ships were denied permission to land under orders of Italy's new hard-right government, including a group of 35 men onboard the German-flagged Humanity 1, a vessel then ordered to leave. NGOs said the move to select who could disembark was illegal and warned of desperate conditions onboard the two ships, which remain in the port.

Three men on Monday jumped from one of them, the Geo Barents, run by Doctors Without Borders (MSF), before being swiftly picked up out of the water, the charity said.

Afterwards a dozen other migrants stood on the deck of the ship chanting "Help us", an AFP reporter witnessed.

"We are behaving with humanity but firmly based on our principles," said Interior Minister Matteo Piantedosi, on the sidelines of an event in Rome. He said migrants on other ships had been welcomed into Italian ports, and those left on board were being "constantly monitored by the competent authoritie­s". Authoritie­s in Syracuse confirmed to AFP on Monday that more than 500 people found in distress off Malta had been rescued by Italian authoritie­s and disembarke­d in Sicily.

Piantedosi said he was working at a national and European level to resolve the issue, after years of complaints from Rome that the EU was not doing enough. Italy's new government, led by Prime Minister Giorgia Meloni's far-right Brothers of Italy party, has vowed to stop the tens of thousands of migrants who arrive on the country's shores each year. One of her deputy prime ministers, League leader Matteo Salvini, is currently on trial for blocking migrant boats when he was interior minister in 2019.

He said Monday the arrivals must be stopped, tweeting: "They are organised trips, increasing­ly dangerous, which finance weapons and drugs. They must be cut off."

After days at sea, Geo Barents was given permission to disembark 357 people, including children, while the authoritie­s refused entry to 215 others.

Nearby, Humanity 1 disembarke­d 144 people, but 35 adult male migrants onboard were refused. A government decree issued Friday said Humanity 1 was only allowed into an Italian port for the time it took to help those in "emergency conditions".

The charity SOS Humanity, which operates the ship, said authoritie­s decided after a "brief" medical exam that the 35 men were "healthy" and so need not disembark.

But it said no translator attended and there was no psychologi­cal evaluation, and has launched legal action against the government for selecting who can disembark.

"If a port is secure, then it's secure for everybody," SOS Humanity lawyer Riccardo Campochiar­o told AFP. UN agencies the UNHCR, the UN Refugee Agency and the Internatio­nal Organizati­on for Migration all urged the disembarka­tion of the migrants "without delay".

In a joint statement Monday, they welcomed Italy's moves to let off many of the migrants but said "a solution is urgently needed for all remaining survivors". They referred also to two other rescue ships, the Ocean Viking and Rise Above, which have been waiting off Sicily with around 230 and 90 migrants respective­ly.

 ?? ??

Newspapers in English

Newspapers from Pakistan