Lack of Professional Manpower Costs Germany 20 Billion Euros

Lack of Professional Manpower Costs Germany 20 Billion Euros Per Annum

A recently conducted study provides arguments for the discussion about the lack of professional manpower in Germany. The study reveals that close to 100,000 additional engineers and natural scientists each could be needed in Germany in 2014. The lack of professional manpower is estimated to cost Germany more than 20 billion Euros in 2007.

The bottleneck is said to affect mainly the sectors which "are most important for Germany's technological performance". Among these are mechanical engineering, the metal and electronics industries, the automotive industry and the corporate service industry. Young talent is said to be lacking particularly with technicians and master craftsmen as well as in mathematics, computer sciences and natural science and technology.

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