Germany wants extra international employees and extra environment friendly insurance policies to combine them into the labor market if the nation is to maintain its social safety programs from collapsing sooner or later, Continental mentioned.
“The influence of demographic change, decarbonization and digitalization is large,” Ariane Reinhart, the board member on the provider chargeable for human relations and sustainability, mentioned in a press release.
“The imbalance on the labor market shouldn’t be solely endangering the overall lifestyle in Germany. Our social programs are additionally threatening to break down.”
Continental is in want of two,500 certified employees in Germany alone this yr, significantly within the areas of data expertise and logistics.
The nation must loosen crimson tape and develop an idea for the managed immigration of international employees in addition to reskill job seekers in Germany extra rapidly than previously, Reinhart mentioned.
An getting old inhabitants and a decline within the variety of youthful folks coming into the labor market means Germany can have 5 million fewer employees by the tip of the last decade, Holger Schaefer, senior economist with the IW financial institute in Cologne estimated in January.
The workforce is about to shrink by greater than 300,000 folks this yr alone, except immigration can plug the hole, he predicted.
Continental shouldn’t be the one German firm crying out for international employees. Workers shortages within the airline trade have sparked airport chaos throughout the nation simply because the summer time trip interval goes full throttle, forcing the federal government to organize a authorized framework to hurry up hiring of safety employees from overseas, lots of them from Turkey.
Individually, Continental mentioned it was trying into all choices for its enterprise in Russia, together with a managed exit from the nation. The provider mentioned an exit from Russia would haven’t any influence on its monetary outlook.
Continental mentioned in April it had briefly resumed tire manufacturing for passenger vehicles at its Russian plant in Kaluga to guard native employees who may in any other case face legal costs.
The Kaluga plant makes tires and different merchandise from the group’s ContiTech division.
Continental ranks No. 8 on the Automotive Information Europe checklist of the highest 100 international suppliers, with worldwide gross sales to automakers of $24.19 billion in 2021.