The German government has approved an updated version of the Skilled Immigration Act, aimed at attracting more skilled workers from third countries to address the country's labour shortages. The draft law was submitted by the Ministry of the Interior and Homeland and the Ministry of Labor and Social Affairs, and was approved by the cabinet on March 29.
The new law is designed to facilitate the immigration of foreign workers who possess specialized skills in fields that are currently facing labour crunch. The government hopes that by making it easier for these workers to enter the country, they will be able to address this growing crisis, particularly in small and medium-sized businesses and the trades.
Commenting on the approval of the new law, Interior Minister Nancy Faeser described it as a first step towards the creation of a modern immigration law that would bring skilled workers to Germany. “We will ensure that we bring the skilled workers into the country that our economy has been urgently needing for years. Anyone who speaks to small and medium-sized businesses and the trades knows that that this is the only way we can ensure the prosperity of our country,” she said, as quoted by SchengenVisaInfo.com.
Similarly, Labor Minister Hubertus Heil stressed the need for a skilled workforce and described securing this as one of Germany's greatest economic challenges for the next few decades.
Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
MoreLess