Analysis-As baby boomers retire, German businesses turn to robots
© Reuters. A robot machine is seen at ROLEC Gehause-Systeme in Rinteln, Germany on October 6, 2023. Courtesy of Matthias Rose/Handout via REUTERS
Managing director Henning Schloeder cited that trend to explain S&D Blech's push over several years towards automation and digitalisation, saying:"This will further aggravate the already difficult skilled labour situation, particularly in production and crafts." But with baby boomers retiring and a new cohort - much smaller, due to low birth rates - joining the labour force, the Federal Employment Agency expects the pool of workers to shrink by 7 million people by 2035.
But as robots become cheaper and easier to operate, the often family-run Mittelstand companies that are the country's economic backbone are also using them, from manufacturers like S&D Blech to bakeries, laundries and supermarkets. Family-run ROLEC, which produces systems to protect industrial electronics and control equipment, bought its first robot last year, to allow production to continue at night. The company has already acquired a second machine and plans to continue investing in automation.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analysis-As baby boomers retire, German businesses turn to robotsAnalysis-As baby boomers retire, German businesses turn to robots
Read more »
Analysis: As baby boomers retire, German businesses turn to robotsAt machine parts producer S&D Blech, the head of the grinding unit is retiring. With Germany's acute labour shortage leaving few candidates to take on the skilled but dirty and hazardous manual work, the company will replace him with a robot.
Read more »
Analysis: US investment banks see early signs of revival in dealmakingMajor Wall Street firms said a dismal year of dealmaking appears to have hit a trough, and now some companies are looking to merge, offering hope that investment banking revenues could pick up after a disappointing third quarter.
Read more »
NZD/USD Price Analysis: Recovers from 11-month low above 0.5800The NZD/USD pair discovered buying interest near an 11-month low at 0.5770 and climbed above the round-level resistance of 0.5800. The Kiwi asset gain
Read more »
Analysis-Global EV battery supply chain puzzles over China graphite curbsAnalysis-Global EV battery supply chain puzzles over China graphite curbs
Read more »
Analysis: Global EV battery supply chain puzzles over China graphite curbsBeijing's move to restrict graphite exports will have a disproportionate impact on foreign makers of electric vehicle battery components who have not yet shifted to using as much synthetic material as Chinese counterparts, industry insiders and experts said.
Read more »