The recent agreement between Austria and the Philippines signifies a significant development in addressing the labor shortages faced by Austria across various industries. In an effort to bridge this gap, Austria has agreed to welcome more skilled workers from the Philippines. The agreement outlines provisions for the annual migration of 500 Filipino workers to Austria, aiming to alleviate shortages in key sectors such as healthcare, services, tourism, hospitality, construction and engineering, and information technology.
Austria has been grappling with a shortage of skilled labor, resulting in approximately 200,000 unfilled job vacancies. Furthermore, projections indicate that this deficit may potentially double over the next 15 years, signaling a pressing need to bolster the workforce with skilled professionals from abroad.
The agreement between Austria and the Philippines represents the second bilateral agreement between the two countries. Notably, the first agreement, signed in July, primarily focused on the recruitment of Filipino healthcare workers. With the signing of the recent agreement, Austria has opened up avenues for Filipino workers to contribute their expertise and skills across a diverse array of industries, highlighting a mutual commitment to addressing labor shortages and fostering cooperation between the two nations.
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