Labour Minister: Labour market facing shortage of employees in 20 years' time

05-12-2005

The Labour and Social Affairs Minister, Zdenek Skromach, has said that around 300,000 to 400,000 employees will be lacking on the Czech labour market in 20 to 30 years and people should therefore work longer and retire later. Mr Skromach said that many companies in the Czech Republic are not interested in employing older workers, force them to retire earlier or to leave their jobs immediately after they reach the age of retirement. The agreement on the pension reform that has been recently drafted by the chairmen of the five parties in parliament envisages the extension of the age of retirement to 65. Last year, people over 65 made up about 14 percent of Czech society. According to Mr Skromach, this figure may reach 23 percent in 2030 and 31.3 percent in 2060.