Fewer Hungarian companies reporting labor shortage concerns

Competition

Photo by Shutterstock.com

In Hungary, fewer companies are complaining about not finding the workforce they need, according to the latest surveys, writes portfolio.hu.

This is another sign that the period of massive labor shortage may be over, which of course does not mean that every company will find the workers they need overnight.

Hungary is no longer out of the region, but a change in methodology may play a role, as a previously well-known problem is starting to return: insufficient demand. In the last quarter of this year, only half of manufacturing companies said the main constraint on their production growth was labor shortages, according to data released by the European Commission.

Earlier, 65-70% of companies said that labor shortage was the biggest problem, which made it increasingly fearful that the growth prospects of the Hungarian economy would be worsened. By now, however, fewer companies are complaining about labor shortages, says portfolio.hu .

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.

Support the BBJ

Startups