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"For over a year almost every second company in Poland has
declared issues with attracting new employees," Work Service <WSEP.WA>
said in a statement, adding that two years ago 35 percent of
surveyed companies faced labor shortages.
"Long term effects of this phenomenon are very worrying,
considering that there are huge demographic problems ahead of
us," Work Service Chief Executive Maciej Witucki was quoted as
saying in the statement.
The unemployment rate in Poland, which has one of the fastest
aging societies in the European Union, fell to 5.9 percent in
June and was the lowest since October 1990.
Falling unemployment and rising wages in the fast growing
economy was noted as a risk by the central bank.
"We have to do with a situation in which the economy has quite a
good pace and absorbs employment like a sponge," Monetary Policy
Council member Jerzy Kropiwnicki told Reuters in July.
"This situation is being slightly eased by the inflow of workers
from Ukraine and Belarus, but as we can see, the demand pressure
on the labor market is significant," Kropiwnicki also said.
The Work Service report showed that labor shortages had prompted
16.4 percent of the companies to reduce new investment, which is
3.6 percentage points higher than a year ago.
Investment in Poland declined throughout last year, partly due
to lower inflows of European Union aid, to revive in the second
quarter, but analysts say that private investment remains weak.
(Reporting by Agnieszka Barteczko and Pawel Sobczak)
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