71% of Ukrainian Companies Report Labor Shortages

Labor shortages are the main challenge for Ukrainian businesses, with 71% of enterprises considering the lack of personnel a barrier to production. In a June survey conducted by the Institute for Economic Research and Political Consulting (IER), over 80% of companies in Dnipropetrovsk, Poltava, Zhytomyr, and Zaporizhzhia regions reported this issue. The proportion of enterprises facing difficulties in finding qualified specialists decreased from 60.6% to 46.3%, however, 30.4% of companies still struggle with unskilled workers. Only 4.6% of enterprises plan to increase their staff in the near future. Rising raw material prices rank second among the problems, reported by 50% of companies, while hazardous working conditions concern 41%. Safety is a major concern for large enterprises, especially in Rivne, Odesa, Kyiv, Zaporizhzhia, and Dnipropetrovsk regions. Sales issues have decreased: 31% of respondents reported a drop in demand, compared to 38% in May. Logistics problems affect 30% of companies, and power, water, or heating outages impact 19%. More than 1,500 Ukrainians over the age of 50 have found jobs thanks to the program.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.