Germany's Labor Market Looks EastBy Germany Trade And Invest, PRNE
Thursday, May 5, 2011
European Shared Services and Outsourcing Week
BERLIN and AMSTERDAM, May 6, 2011 - On May 1, Germany's labor market opened its doors to the eight
eastern European countries that joined the European Union in 2004. This will
further boost the internationalization of Germany's labor force, which makes
the country even more attractive for international business service
providers. With increased investor interest in Germany, Germany Trade &
Invest will have representatives at this year's European Shared Services and
Outsourcing Week in Amsterdam, The Netherlands from May 9-11.
"Germany offers great opportunities for companies to
streamline back-end business processes. Ingenuity and efficiency are the norm
in Germany and our workforce is extremely well educated and international.
This makes it easy to serve the entire European market from one location,"
states Dr. Josefine Dutschmann, business services expert at Germany Trade &
Germany's business process outsourcing and shared service
center (BPO-SSC) market has grown in recent years. Conservative estimates
expect a market volume of EUR 32 billion in 2010. Flanking this growth are
stable labor costs and a first-rate telecommunications and transportation
infrastructure, which was ranked first worldwide in 2010 by the World
As Europe's largest market, Germany is an attractive location
to serve local clients. At the same time, the central location in Europe
makes Germany ideal to serve the entire continent. Market entry conditions
are also attractive, as the BPO market is not dominated by any single player.
The top 20 BPO providers claim less than 30 percent of total market share.
At this year's Shared Services and Outsourcing Week, Germany
Trade & Invest will present the Excellence in Value Creation Award to an
outstanding company in this industry.
Germany Trade & Invest is the foreign trade and inward
investment promotion agency of the Federal Republic of Germany. The
organization advises foreign companies looking to expand their business
activities in the German market. It provides information on foreign trade to
German companies that seek to enter foreign markets.
Germany Trade & Invest Andreas Bilfinger Email: firstname.lastname@example.org T: +49(0)30-200099-173 F: +49(0)30-200099-111
Tags: Berlin And Amsterdam, Germany, Germany Trade and Invest, May 6, Netherlands