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Taiwan's manpower demand forecast to hit 7-year low

Taiwan's manpower demand forecast to hit 7-year low

Taipei, Sept. 1 (CNA) Work force demand in Taiwan is expected to rise by 26,802 between August and October, which represents a seven-year low for that three-month period, due mainly to a slowing global economy, according to a survey published Tuesday by the Ministry of Labor (MOL). The survey of businesses with 30 or more employees found that 20.36 percent of employers would be willing to increase their workforce by the end of October, while 5.56 percent plan to reduce hiring of new employees, compared with the previous three months. The total manpower demand from August to October is estimated at 43,900 workers, but demand for new employees will drop by 17,100, which means there is likely to be a net increase of 26,800 workers, according to the poll. The labor ministry said domestic enterprises are less willing to hire because of a slowdown of the global economy, weakening demand for electronics products, declining exports, and the end of the peak travel and shopping season, which usually results in lower demand for part-time and temporary workers. Despite the sluggish global economy, however, manpower demand in some industries remains strong, according to the ministry. For example, it said, passenger and freight transport companies and hotels near a new rapid transit line between Taiwan's main airport and the capital Taipei need more employees as they are expanding in preparation for the opening of the line next year. Medical centers and hospitals also have strong demand for medical and nursing professionals, the ministry said. In the manufacturing sector, the workforce is expected to increase by 12,400 in the period August to October, the labor ministry said. Generally, 29.5 percent of the employers that plan to hire more workers are replacing people who have retired or resigned, while 27.5 percent need more staff for expanding markets, according to the MOL. The survey of local enterprises with 30 or more employees was conducted July 20-Aug. 7 and collected 3,026 valid samples. (By Zoe Wei and Evelyn Kao)


Updated : 2021-09-19 22:13 GMT+08:00