Rebalancing the scales: Why is Europe's labour market in disarray?
Faced with staff shortages and a surplus of unemployed skilled professionals, the European Commission is in a race against time to upskill and retrain the labour market for the industries of tomorrow.
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NewsTranscript
00:00 [Music]
00:03 Labour shortages are a problem across many sectors in the EU.
00:07 In industry, 22% of employers say they can't find the workers they need.
00:12 The same goes for 28% of employers in construction and 30% in the services sector.
00:19 The problem could get worse as Europeans get older and the working age population drops.
00:25 At the same time, new jobs are being created.
00:30 The healthcare sector, ICT companies and green tech firms are all projected to need thousands of new workers.
00:38 Labour shortages could damage the economy so the EU is taking action by
00:44 reskilling and upskilling workers, making it easier for people to move within the EU to take jobs
00:51 and boosting recognition of qualifications from outside the EU to attract staff from further afield.
00:57 [Music]