BUSINESSWEEK ONLINE : DECEMBER 27, 1999 ISSUE
INTERNATIONAL BUSINESS

Help Wanted--Really Wanted


Europe's Labor Bottlenecks

INFORMATION TECHNOLOGY
Europe will be short 1.3 million information-technology professionals next year.
Consequence: Crimps use of IT to improve productivity.

FINANCIAL SERVICES
Banks can't find specialists in areas such as mergers and acquisitions.
Consequence: Slows down corporate restructuring.

CUSTOMER SERVICES
Businesses ranging from hotels to airlines lack people with fluent English.
Consequence: Disrupts transition to service-based economy.

BLUE-COLLAR TRADES
Spot shortages of construction and other manual workers, where unemployment is low.
Consequence: Slows corporate expansion.

DATA: INTERNATIONAL DATA CORP., BUSINESS WEEK


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Europe's Missing Worker

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