Large German firms are currently suffering from a huge shortage of skilled labour which could see businesses losing out on £27billion in revenue, a study by the Cologne Institute for Economic Research shows. According to research that has been carried out to fill in this massive gap in the labour, almost half a million workers need to move into Germany every year.

The revelation comes as EU countries continue in their attempts to enact a bloc-wide policy to handle the migrant crisis despite fierce disagreement between member states. Germany has been behind EU’s latest plans to try manage refugees and asylum seekers by setting up centres to process in North Africa.

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Germany is now set to ease immigration rules to attract more foreign workers, this includes giving well-integrated irregular migrants in employment a chance ministers have said. Chancellor Angela Merkel’s party and other government officials have agreed on a new strategy to combat the fast ageing worker shortage.

The migrants who do not have permanent residency and are still awaiting their decision on their asylum applications or their deportation may have a chance of staying if they can successfully gain employment and can show they bring value to the German society,

Jobseekers from outside the EU – including, for example, cooks, metallurgy workers or IT technicians – can also come to Germany for six months to try and find employment, provided they speak German.

Local manpower will not be enough for the economy to grow stronger hence why ministers are urging to hire workers from third countries. At the same time, the ministers were at pains to stress the continued “separation of asylum and employment migration”, mindful that Germany has been deeply polarised by the arrival of more than a million asylum seekers since 2015.

The new law for skilled workers immigration aims to maintain Germany as an economic centre and to secure its social systems. This law will apply for graduates, and also for people with professional qualifications, in addition to to professions where there is a shortage of workers. Immigrants with professional training, who can make a living for themselves in Germany will be allowed to come and look for a job for six months.

The law has yet to be passed but is in discussion and will be passed soon, as the shortage urgently needs to be fixed in order for Germany to pick up on their economic situation.