The number of people of working age is dwindling by 40,000-50,000 each year and this trend will continue for decades, he added.

Rolek said all sectors are faced with the problem of finding workers, in part because many Hungarians are emigrating.

The shortage of staff will drive up pay and lead to the demise of companies that cannot afford higher wages, especially in the SME sector, he warned.

Source: Hungary Around the Clock

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