Finding suitable personnel has been the biggest problem in the local economy for some time. The ideas for this range from working at retirement age, more full-time work, vocational training in companies to more incentives for staff from third EU countries.
There is no doubt about it: Austrian companies cannot find enough workers – and the situation will continue to deteriorate. Karlheinz Kopf, Secretary General of the Austrian Economic Chamber: “There are currently approximately 185,000 vacancies unfilled. 82 percent of companies indicate that they are experiencing a serious labor shortage in all sectors. This often means that they cannot realize business opportunities, have to scale back production and suffer a loss of turnover.”
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
