Romanian labor market soon to collapse: the country needs over half million employees in the next 5 years

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Romania will need over 500,000 workers in the next five years and can’t secure them from internal resources, according to a study conducted by KPMG Advisory and the Romanian Academy’s National Institute for Economic Research „Costin C. Kiriţescu”  from Bucharest, quoted by economica.net.

According to the study, the most affected branches are Horeca (hotels, restaurants and catering), IT and retail.

The study revealed that Romania has about 2 millions people, aged between 18 and 65 years, not employed nor studying.

Mr Bogdan Hossu, chairman of the trade union federation Cartel Alfa, considers people are not stimulated to work because the low wages paid by most private companies.

On the other hand, state-owned companies and institutions are paying far better wages than private companies, wich is unique among European Union countries.

Photo courtesy of Dacia car factory Mioveni, Romania

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