German companies are increasingly concerned about the shortage of skilled workers. The auto industry, however, has other problems.

Deloitte asks CFOs:
The biggest problem is the shortage of skilled workers

The search for qualified personnel is gradually becoming the biggest problem for German companies, according to a study by the management consultancy Deloitte: “The shortage of skilled workers is now again the most important risk for companies, followed by rising raw material costs, increasing regulation and energy costs,” wrote Deloitte chief economist Alexander Börsch in the study published in Munich on Thursday.

The consultants interviewed 158 CFOs at German companies in September. Two thirds named the shortage of skilled workers as a high risk. “That means that the tight labor markets are holding companies back,” said Börsch. “The shortage of skilled workers runs through all industries.” The real estate and construction industries are currently suffering the most, affecting almost three quarters of companies.

The board members see growing risk factors in raw materials and energy costs, “which have reached threatening proportions for 42 percent of companies”. In the automotive and chemical industries it is even around 70 percent.

Read Deloitte’s full story