According to the industrial association, sales, number of employees, orders and investments are still in the downward trend that the increase in bankruptcies and operating closures is worrying. Germany is the only country in Europe and the G20 in the third year of the recession. Last year, according to the association, there were twice as many bankruptcies as two years earlier. 49 textile companies and 34 manufacturers of clothing had to register bankruptcy between January and November 2024. Accordingly, the number of companies continued to drop compared to the previous year. For textile by minus 3.7%, for clothing by minus 7.7%. The number of employees at Textil decreased by 5% compared to the previous year last year, with minus 2.3%.
Uwe Mazura, General Manager of the General Association of German Textile and Fashion Industry, explains: “The global political balance of power is changing at breathtaking speed. More than ever, an economic policy change of course is urgently needed, which strengthens competitiveness at the Germany location and stops de -industrialization. For a strong Germany in a strong EU, we need a stable government that can make clear decisions quickly. Because nothing is worse for economic development than further uncertainty and an election result that pulls government formation in length. ”
The Textil + Mode association has described the most important guardrails for the next legislature in a manifesto. This includes comprehensive de-bureaucratization along the entire legislation, technology open to the achievement of the European climate goals, permanently competitive energy prices and corporate taxes as well as fact-based chemical policy.
General Managing Director Uwe Mazura: “All suggestions for an economic transition are on the table. These must be implemented quickly after the election. The economic situation in our industry is no longer tolerated. “