French companies lack qualified staff despite 3.5m jobless
France needs to revamp expensive worker-training programmes and improve incentives to work
Paris
FIGEAC-AERO has a problem that says a lot about the French economy: the Airbus supplier can't find enough qualified people to staff its factories.
Even with one in 10 workers out of a job, companies cite difficulty in hiring as one of their biggest problems as a long-awaited economic recovery takes hold.
The crunch is particularly acute for Patrice Parisot, who runs a Figeac-Aero plant in Auxerre. Despite running ads, organising job dating events and offering training, few applicants call, fewer turn up, and the factory is short of operato…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China education firms learn tough lessons overseas
A deep dive into China’s expectations-beating GDP growth
Rich China tourists drive luxury demand in Japan on weak yen
Philippine central bank’s deputy governor sees upside risks to inflation
IMF says US, China debt pose risks for global public finances
US economy growing at ‘modest’ pace in many regions: Federal Reserve