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FEARS are mounting that major resource projects are at risk because of the intensifying skills shortage.
The number of business leaders calling for the government to urgently act to limit the economic damage from the skills shortage is growing.
Global ratings agency Moody's warned that Australia's energy industry, which is driving growth with more than $150 billion worth of new projects planned, has seen competition for labour and equipment "intensify dramatically".
Companies including Rio Tinto, Leighton Holdings and Transfield Services have called for more flexibility to bring in skilled foreign workers under the 457 visa program to fill labour gaps and relieve the building pressures that threaten to derail project timetables and fuel inflation in the broader economy.
as I said.. big deal.. shortfalls just don't cure themselves overnight. UK businesses and the government analysis projected skill pools years in advance.
(hide) If all of a sudden the site shows up in a different language, just click the flag for your language and it will be back to normal. (pauloaguia) (show all tips)