Labour shortage threatens to slow growth

More hands needed: People on their way to work at a factory in Ho Chi Minh City. Vietnam is facing labour scarcity, threatening to further disrupt pandemic-rattled global supply chains. ― Bloomberg

GLOBALLY, as economies reopen after lockdowns, reports of employers unable to find the workers they require have become ubiquitous across the United States, United Kingdom, Canada, Australia, and parts of the European Union, notes Ernst & Young Consulting Sdn Bhd (EY Malaysia) partner – people advisory services Low Choy Huat.

Low tells StarBizWeek that common challenges include early retirement, slower birth rates, a sizeable number of employees in furlough schemes, the mismatch of qualifications and outward migration.

Related stories:

The manpower challenge

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Labour , shortage , workers , growth , Malaysia , palm oil ,


Next In Business News

BNM: Micro, small businesses to continue enjoying zero-cost transactions via DuitNow QR payments
Hong Leong Bank to continue to waive transaction fees for DuitNow QR payments
Public Mutual declares over RM47mil for two funds
Budget 2024: A tough balancing act for Anwar
Marine & General cautiously optimistic about FY24 performance
WtE space heats up
CPO price set to recover
Private hospitals, insurers stirred as claims rise
Fit for expansion
Streamlining a business practicality

Others Also Read