ASX companies beset by labour shortages

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 90%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

No sector is immune from staffing challenges, and it’s only going to get tougher from here, says UBS’ Richard Schellbach.

Staff shortages are becoming increasingly problematic for Australia’s listed companies, research from UBS has concluded ahead of Labor’s Jobs and Skills Summit.

“They’ve got strong end demand, they’ve got orders, and they’ve got the capacity to pay for labour, but they just can’t fill positions.”Food production, retail, transport and education sectors were most prominent in citing their inability to meet strong end demand and orders due to job vacancies, Mr Schellbach said, but technology and financial services are also impacted.

“What this results season and the commentary over the last few weeks illustrates is how broad-based and painful this labour shortage issue has become for corporate Australia,” the strategist said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So sorry to see aussie farmers losses because other supported Australians on the dole refuse to W o r k ?.

Strange that the pandemic and Covid were not mentioned once in this article about major staff absences due to illness

How about paying the dole as well as the wage to get people of the dole and if they leave they can't recieve the dole until the previous dole is repaid.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The $68b bargain hunter loading up on cyclical stocksJohn Goetz, co-chief investment officer of Pzena Investment Management, likes the risk-reward opportunity in UBS, Shell and Michelin.
Source: FinancialReview - 🏆 2. / 90 Read more »