Urgent Need for Specialized Workforce

BusinessEconomy ♦ Published: May 17, 2011; 13:24 ♦ (Vindobona)

Lack of skilled employees hits Austrian crafts enterprises. Opening of the labor market could help to satisfy the demand.

Urgent Need for Specialized Workforce / Picture: © Vindobona.org

According to a current analysis by KMU Forschung Austria, 27% of Austrian crafts enterprises suffer from a critical lack of specialized workforce, even though it is by far the most important sector for apprenticeships. 620,000 Austrians are employed in crafts companies and more than 130,000 apprentices are currently being trained in the sector. On the second position is trade with…