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Shortage of skilled workers in Austria higher than ever before

Shortage of skilled workers in Austria higher than ever before
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Image: Volker Weihbold

Even if employment in the country will continue to grow, 15 percent of companies are planning job cuts. Every second company complains about a drop in sales. This is shown by a study by EY. According to the survey, two thirds of Austrian companies see the shortage of skilled workers as an enormous risk for the future of the company. For the study “Employment and Skills Shortage in Austria”, the auditing and consulting company EY surveyed more than 600 managers from medium-sized companies with 30 to 2,000 employees across Austria.

“There is hardly a sector of the Austrian labor market that is not currently in need of personnel,” says Erich Lehner, who is responsible for medium-sized companies as Managing Partner at EY Austria. The tourism industry, the health sector, but also the transport industry and trade are particularly hard hit.

According to their own statements, more than half of all companies (51 percent) are experiencing a drop in sales as a result of staff shortages. The situation for companies has thus worsened compared to the previous year, when the proportion of companies with a drop in sales was 39 percent. At least one in six domestic companies is currently complaining of a considerable drop in sales of more than five percent as a result of the shortage of skilled workers.

Big problems in Upper Austria

The effects of the shortage of skilled workers on sales are particularly pronounced in the transport and energy sector (64 percent), in the health sector (59 percent) and in finance and services (54 percent). The tourism industry is also losing sales (50 percent) because there is a lack of suitable staff.

There are regional differences in the shortage of skilled workers: it is most pronounced in companies in Lower Austria (53 percent have “big”, 37 percent “rather big” problems) and Upper Austria (50 percent find it “very difficult”; 33 percent “rather difficult” personnel to find). Finding good employees is also difficult in Styria (46 and 49 percent respectively) and Vorarlberg (46 and 45 percent respectively). The situation is still best in Salzburg and Vienna – but here, too, more than 30 percent complain about great difficulties in recruiting skilled workers.

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