Half of the food production plants owned and operated by Cofigeo a large French food company, have shut down as the company says its energy costs are just too high to stay in full operation.
This means that Cofigeo will only be producing 20 percent of its normal amount of food for the foreseeable future.
Closing the plants also reduces the company’s workforce by 66 percent.
France is also expecting a high amount of food spoilage in the coming months as power cuts and blackouts are expected. This is fast becoming a problem across many sectors of the French economy as energy prices continue to skyrocket. Not just producers but also retailers are being affected by it. Many supermarkets lack the ability to prepare for these outages, which government officials initially downplayed as “unlikely” but later admitted that there will probably not be enough power available to keep the lights on in France this winter.