Shortage of skilled workers in Germany: Losses in value creation of EUR 90 billion per year and 1.8 million unfilled positions - DIHK report.

Shortage of skilled workers in Germany: Losses in value creation of EUR 90 billion per year and 1.8 million unfilled positions - DIHK report.

According to a report by www.welt.de, the economic damage caused by the labor shortage in Germany amounts to 90 billion euros, which corresponds to more than two percent of the gross domestic product. According to the skilled workers report from the German Chamber of Commerce and Industry (DIHK), 1.8 million positions in the overall economy are unfilled. This causes many companies to limit their offerings, lose orders and face other service limitations.

The data also shows that 16 percent of companies are able to invest less in Germany due to the labor and skilled labor shortage. Relocating production abroad is already an option for 8 percent of companies, which is particularly relevant in industry with a share of 18 percent. In addition, more than one in four industrial companies fear a loss of innovation and competitiveness due to personnel shortages.

The DIHK's recommendations for action include intensifying training and further education, employing more women and older workers and increasing the immigration of skilled workers from non-EU countries. Nevertheless, only 55 percent of companies even consider hiring people from third countries.

With regard to the lack of child day care, a survey by the job platform Stepstone shows that many parents have to reduce their working hours and rely on family support to secure child care. This leads to avoidable staff absences and hinders professional development, especially for mothers.

This data shows that the labor shortage in Germany remains at a high level and urgent action is needed from the government and companies to address this challenge.

Source: www.welt.de