German firms face unprecedented labour shortages - DIHK.

Workers of German steel manufacturer Salzgitter AG
stand in front of a furnace at a plant in Salzgitter, Germany, March 1, 2018.
 REUTERS/Fabian Bimmer

BERLIN (Reuters) - Labour shortages in Germany are threatening the whole economy as companies struggle to fill around 1.6 million job vacancies, the DIHK Chambers of Industry and Commerce said on Tuesday.

Nearly every second company is unable to find suitable candidates for job vacancies on a long-term basis and six in ten managers see the lack of qualified personnel as a threat to their business, a DIHK survey of some 24,000 companies showed.

"A growing number of German companies are facing bottlenecks in skilled labour and this is becoming a challenge for the entire economy," DIHK manager Achim Dercks said.

Reuters.

Full story at Yahoo News.