According to the latest survey published by the Munich-based Ifo Institute, the shortage of skilled workers is increasing in Germany and its negative effects on production are felt even more.
More than 43 percent of the nearly 9,000 companies surveyed said they experienced a shortage of skilled workers in July. This rate was just over 42 percent in April. In July 2022, the all-time high of nearly 50 percent was reached.
Ifo official Stefan Sauer stated that despite the recession in the economy, many companies are still desperate to find suitable employees.
The service sector, especially law and accounting companies, is seriously affected by this situation. According to Ifo, businesses in this industry are facing major challenges, unable to find three-quarters of the staff they need. Same way transport, architectureAnd engineeringThere is also a record labor shortage in the sectors.
Given that Germany is Europe’s largest economy, the increasing shortage of skilled workers poses a significant threat to the country’s production capacity and economic growth.
