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A new report by Prognos for the Association of the Bavarian Economy (VBW) reveals that Germany is heading for a massive shortage of skilled and unskilled workers by the year 2015, Handelsblatt reports.
VBW President, Bertram Brossardt, said "it is more than surprising that the worst economic crisis in the history of the Federal Republic has not changed this outlook. The shortage applies to all levels from unskilled labourers to university educated professionals. We are not even going to have enough lawyers and teachers."
Brossardt said further "the reason for this situation is that the economic crisis has structurally changed the German economy, which now requires different qualifications and skills."
The report is based on the hypothesis that the German economy will pick up again in 2010 and will by 2013/14 have reached the levels of 2008 again. Should this be the case there will be an estimated shortage of 3 million skilled and unskilled workers by 2015.
If the economic up-swing takes longer, the estimated shortage of workers is still 2.4 million individuals by 2015.