Competitiveness of German machinery, equipment manufacturers deteriorates

Competitiveness of German machinery, equipment manufacturers deteriorates

Main issues include lack of skilled workers and shortage of intermediate products, ifo's survey shows

By Gokhan Ergocun

ISTANBUL (AA) – The competitiveness of German manufacturers of machinery and equipment has declined, the Munich-based ifo Institute said in a survey released on Wednesday.

"In sales markets outside the EU, German manufacturers of machinery and equipment are facing fiercer competition, especially from China," said Nicolas Bunde, an industry expert at the ifo Institute.

The institute’s survey score for competitiveness dropped from 7.3 points in April to 14.3 points in May, the lowest level since data collection began in July 1994.

The sector's main issues are a lack of suitable skilled workers and a shortage of important intermediate products, the institute said, adding: "Many of the employees in production are older, while younger colleagues are rarely keen on shift work."

Kaynak:Source of News

This news has been read 223 times in total

ADD A COMMENT to TO THE NEWS
UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
Previous and Next News