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COMING UP:Share Opener Variant 2

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Transcript

00:00:00
>> Meet the new workers becoming a familiar sight in Easter European factories. As shopping jobs crunch has seen businesses turn to robots out of necessity. Countries like Hungary are struggling to cope with the labor shortage that started after the 2008 financial crisis, and escalated when final curbs were lifted in 2011 to richer countries in the European Union.
00:00:24
Despite increasing wages, significantly, it hasn't been enough to persuade young people to stay. Companies like this are struggling to recruit enough employees to meet surging demands for their products, and have been forced to think outside the box.>>
FOREIGN]
> The Count Hungarian Labor Market does not allow us to grow.
00:00:44
Similarly, to many other Hungarian companies, we cannot get the extra workforce from the market. We have decided to supply the grand volumes and new products with automated solutions.>> Hirtenberger Automotive Safety has spent 2.5 million euros, automating two production units at its factory, and it's not alone. While policymakers and economists in many parts of the world worry about the potential negative impacts of robots, here, automation is a godsend for companies that want to avoid losing marketshare.
00:01:15
With a recent UN report predicting of the low fertility rates persists, the combined population of Poland, the Czech Republic, Slovakia and Hungary will fall by more than 8 million people by 2050. The automation of tasks is showing no signs of slowing down, but there are still challenges. There is now a lack of highly skilled workers to maintain the machines and make sure they operate at a premium.