Finland needs 50,000 immigrants per year by 2050

by IANS |

Helsinki, Nov 17 (IANS) Finland needs over 50,000 immigrants a year for the next 28 years to fill job vacancies arising due to an ageing population, according to the country's tech industry.

Technology Finland said on Wednesday that the industry alone, the most significant export sector in Finland, will need 130,000 new experts in the next 10 years, reports Xinhua news agency.

Only half of these will replace retirees, meaning there will be tens of thousands of job vacancies in the export industry in the next ten years.

"Finland is getting older and more indebted, and our economical maintenance relationship is turning upside down," said Jaakko Eskola, chairman of Technology Finland, an association of around 1,800 tech industry companies.

If Finland does not have enough working-age people, the welfare state will not be maintained, Eskola said.

Therefore, he added, the only option is to significantly increase immigration.

Finland must therefore build a successful long-term immigration policy.

However, immigration alone will not solve all Finland's challenges, Eskola said.

It is essential to raise the skill level of young people, especially in the fields of information and communication technology.

Latest News
Reservation given earlier to Muslim community continued in Karnataka: CM Siddaramaiah Thu, Apr 25, 2024, 04:37 PM
Adani Group's ACC Limited logs highest-ever annualised PAT at Rs 2,337 crore in FY24 Thu, Apr 25, 2024, 04:34 PM
Indian rupee to appreciate to Rs 82–82.50 in FY25: CARE Ratings Thu, Apr 25, 2024, 04:33 PM
Commonwealth Secretariat recognises India's Public Redress System as global best practice Thu, Apr 25, 2024, 04:31 PM
Congress, SP playing divisive politics, says PM Modi in Agra Thu, Apr 25, 2024, 04:28 PM
Former Zimbabwe cricketer Guy Whittall injured by leopard Thu, Apr 25, 2024, 04:24 PM
'NWHL provides a platform for our top women's hockey talent to show their skills', says Bhola Nath Singh Thu, Apr 25, 2024, 03:54 PM
ICEA shares blueprint for India to become a global leader in chip value chain Thu, Apr 25, 2024, 03:53 PM
Nestle India’s net profit up 27 pc in Q4; to form a JV with Dr Reddy's Laboratories Thu, Apr 25, 2024, 03:53 PM
More minors being 'groomed' into making sexual videos amid toughened punishment: South Korea Thu, Apr 25, 2024, 03:52 PM
North Korea touts ties with Russia on Kim-Putin summit anniversary Thu, Apr 25, 2024, 03:51 PM
Constituency watch: TMC at advantage in minority-dominated Uluberia Thu, Apr 25, 2024, 03:50 PM
Constituency Watch: BJP, Congress and Kshatriya community in showdown at Gujarat's Surendranagar Thu, Apr 25, 2024, 03:49 PM
Cong candidate in Kerala suspects foul play as list of poll officials leaked, one suspended Thu, Apr 25, 2024, 03:48 PM
Congress tied hands of our soldiers, we gave them full freedom to retaliate: PM Modi Thu, Apr 25, 2024, 02:02 PM