Skills shortage becomes palpable

摘要

Lack of growth potentials, limited supply and additional workload for existing personnel: these are the effects of a growing skills shortage. The German economy gets to feel what it means, when thousands of jobs remain vacant. The German Economic Institute (IW) has recently calculated that Germany’s economic output decreases by 30 bn € per annum because of this situation. Currently, the IW says the industry is lacking 440,000 professionals.