Going forward Germany is expected to be below the middle of the pack with a 0.3 percent contraction in employment per year. The strongest growth is expected in Croatia, Slovenia, Spain, Ireland, Greece, Romania, in that order with annual growth rates varying from 3.4 percent down to 1.8 percent.
Average annual employment growth by country from 2018 to 2023. Source: Oxford Economics.
France, Hungary, Belgium and Denmark are expected to be the weakest employers with contractions of between 1.4 percent and 0.7 percent.
Despite a decline in employment, the UK electronics sector is experiencing strong wage growth at rates well ahead of that seen in manufacturing and in the wider economy, both in the UK and in Germany.
IPC announced it is expanding its Workforce Champions initiative from the US to the European Union with a pledge to create at least 500,000 workforce training opportunities across the EU over the next five years.
"The chronic shortage of adequately skilled workers and the changes in skills required are some of the most difficult challenges facing the electronics industry in Europe and worldwide," said IPC CEO John Mitchell, in a statement. "More than two-thirds of IPC companies indicate that a lack of skilled workers is constraining their ability to grow. That is why IPC is significantly expanding our industry’s efforts to engage young people and provide the education and training programs they need to enter and be successful in this industry."
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