Companies across Germany are struggling to fill vacances, as major shortage in skilled workers reported in the country
More than half of the companies in Germany are facing difficulties with filling their vacancies, as the country is reporting a major shortage of skilled staff.
According to a report in Reuters on Thursday, January 12, this was announced by the German Chambers of Commerce and Industry (DIHK), as they discussed the growing signs of shortage in Europe’s largest economy.
DIHK has said that the number of companies facing this difficulty with skilled labour was the highest ever recorded.
As per a recent survey conducted by the chamber across 22,000 companies, they found a shortage of over 53 percent.
“We can assume that some 2 million vacancies will remain unfilled,” said Achim Dercks, DIHK’s Deputy Chief Executive, adding, “with the result that companies were foregoing nearly 100 billion euros worth of output”.
He also added, “The labour market’s resilience did not mean companies were doing well.
Dercks also believed that with staff shortages, increasing energy costs as well as a shift towards sustainability, companies could decide to move abroad.
“The skilled worker shortage is not only a burden on businesses, but it also jeopardizes success in important tasks for the future like the energy transition, digitization and infrastructure build-out,” he said.
The survey found that 67% of electrical equipment manufacturers were unable to fill vacancies, along with 67% of mechanical engineering companies as well. In the car manufacturing industry, 65% of companies reported labour shortages.
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