Saudi Arabia welcomes Gaza ceasefire, calls for lasting peace and Palestinian rights    Saudi Ambassador to Spain tours Interior Ministry pavilion at Hajj Conference    Google Pay to launch in Saudi Arabia in 2025    Saudi Arabia and Singapore establish strategic partnership council    Saudi Arabia and Italy sign MoU to boost energy cooperation    Saudi Arabia adds 3,202 new sites to national urban heritage register    US markets watchdog sues Musk over Twitter stake disclosure    Composer Arnold Schoenberg's archive destroyed in LA fires    South Korean president arrested after weekslong showdown    UK minister resigns after pressure over anti-corruption probe in Bangladesh    US to remove Cuba from state sponsors of terror list    LA fire victims fear new housing crisis    Al-Bassami: Pilgrims' safety is a cornerstone of Interior Ministry's security planning    Saudi's first pro boxer Ziyad Almaayouf set for monumental Riyadh return during Riyadh Season    Record label takes legal action against K-pop band    Meghan Netflix show delayed over LA wildfires    Al Hilal thrash Al Orobah 5-0 to reclaim Roshn Saudi League top spot    Al Ittihad held to 1-1 draw by Al Fayha, lose Saudi League top spot    Al Orobah sign Saudi Pro League's all-time top scorer Omar Al Somah    Oscar nominations postponed because of LA fires    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Hong Kong to face labour shortage by 2018, study says
Published in Saudi Press Agency on 10 - 02 - 2012


A growing elderly population and low birth rate
are threatening to leave Hong Kong with a labour shortage by as early
as 2018, dpa quoted a government study as publishing Friday.
The manpower study predicts the city will be short of 14,000
workers within six years as baby boomers continue to retire leaving
jobs unfilled.
It is the first time the on-going study, which began in 1988, has
predicted a labour shortage in the city of 7.1 million.
The demand for workers with a middle level of education will be
strongest, it said, with a shortage of 22,000 workers, compared to a
shortfall of 500 for those with degrees.
However, there would be a predicted surplus of 8,500 workers at
the lowest education level, the report said.
The government has pledged to take action to attract more talented
workers by streamlining visa processes and encouraging overseas
students studying in the city to stay on after graduation.
There is no statutory retirement age in Hong Kong, but around
300,000 people are expected to retire between now and 2018, as baby
boomers, defined as people born in the period after 1945, turn 65.
Employers are set to find it hard to fill the jobs they leave
behind. The shortage of young workers is due to the city's low birth
rate, currently around 1.04 children for every woman, far below the
replacement rate of 2.1 children.


Clic here to read the story from its source.