Succession crisis in medium -sized companies: 40% of the companies are about to take over!

Succession crisis in medium -sized companies: 40% of the companies are about to take over!

Neuss, Deutschland - The search for successors in German companies is increasingly in focus: According to a current analysis of

The service industry with around 53,000 companies that need a change in Management is particularly affected. The trade and the manufacturing business also experience an urgent need, with 37,000 and 27,500 affected companies. The reasons for the difficulty in successor searches are diverse: a persistent shortage of skilled workers, demographic changes and a changing work mentality mean that young people in particular hesitate to take over the responsibilities of a company.

worsening business situation and personnel reduction

The business situation in the medium-sized business has also deteriorated in the past few months, as the current survey of Creditreform . Around 32.5 percent of the companies surveyed had to accept loss of order, which led to a decline in sales in almost 30 percent of companies. The fluctuations in the order situation and the increased interest rates make the financial situation more difficult and have already led to personnel reduction: 21.2 percent of medium -sized companies reported shrinkage in their workforce. The pressure on companies grows and the need to find suitable successors becomes all the more urgent, since many companies could disappear from the market without a change in management.