Germany reports shortage of skilled workers
2023.01.12 04:03
Germany reports shortage of skilled workers
By Tiffany Smith
Budrigannews.com – The German Chambers of Commerce and Industry (DIHK) reported on Thursday that more than half of Germany’s businesses are having trouble filling open positions due to a lack of skilled workers. This is the latest indication that Europe’s largest economy is facing growth obstacles.
According to the DIHK’s survey of 22,000 businesses, 53% of those surveyed reported hiring difficulties, the highest level ever.
According to Achim Dercks, DIHK’s Deputy Chief Executive, “We can assume that some 2 million vacancies will remain unfilled.” As a result, businesses were sacrificing nearly 100 billion euros worth of output.
He added that businesses were not doing well simply because the labor market was resilient. A “dangerous mix” of staff shortages, high energy costs, and a shift toward climate neutrality could cause businesses to shift production overseas.
He stated, “The shortage of skilled workers is not only a burden on businesses, but it also jeopardizes success in important future tasks like the energy transition, digitization, and infrastructure build-out.”
He stated that there was an ever-increasing shortage of skilled workers, particularly in the manufacturing sectors, which are the engine room of Germany’s exporting powerhouse.
67% of electrical equipment manufacturers and 67% of mechanical engineering businesses were unable to fill open positions, according to the survey. 65 percent of automobile manufacturing businesses reported labor shortages.
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