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.