More Than Half of German Companies Report Labor ShortagesBERLIN—More than half Germany’s companies are struggling to fill vacancies due to a lack of skilled workers, the German Chambers of Commerce and Industry (DIHK) said on Thursday, in the latest sign of growth headwinds belaboring Europe’s largest economy.
The proportion of companies facing difficulties hiring was at its highest ever level, the DIHK found in its survey of 22,000 companies, with 53 percent reporting shortages.
“We can assume that some 2 million vacancies will remain unfilled,” Achim Dercks, DIHK’s Deputy Chief Executive, said, with the result that companies were foregoing nearly 100 billion euros’ worth of output.
The labor market’s resilience did not mean companies were doing well, he added. Staff shortages, high energy prices, and the shift towards climate neutrality were a “dangerous mix” that could lead firms to move production abroad....
Source: More Than Half of German Companies Report Labor Shortages (https://www.theepochtimes.com/more-than-half-of-german-companies-report-labor-shortages_4980058.html)