Foreign companies believe Danish labour is too expensive

Although their investments in Denmark have increased, international companies are cutting down on their local workforces

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Sep 10, 2014

According to the American Chamber of Commerce in Denmark (AmCham Denmark), foreign companies believe the local workforce is too costly, reports Jyllands-Posten.

While their investments in Denmark have increased in 2014, international companies are reluctant to hire locally, states the latest edition of AmCham's Business Barometer.

Financial crisis not over in DK
The annual report shows that although 31 percent of the surveyed companies have hired more employees this year, 28 percent of them reduced their staff numbers.

According to AmCham, the situation has been like this since 2010. "The data suggests that the financial crisis is far from over," says the report.

Tax reductions are not enough
In spite of the fact that corporate tax was reduced from 25 to 22 percent last year, it did not solve the problem, claims AmCham.

Forty-six percent of the surveyed businesses are considering moving their investments, including jobs, out of Denmark.

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Foreign companies believe Danish labour is too expensive

New US Arctic security strategy co-opts Denmark as Russia deterrent

Anti-whaling activist and Greenpeace co-founder Paul Watson arrested in Greenland

Migratory birds bring dangerous ticks to Denmark

Planes grounded in CPH as worldwide IT outage hits airlines, media and banks

CrowdStrike director: IT outage issue “has been identifed”

Foreign labour contributes DKK 76 billion to Danish economy in three months

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How internationals can benefit from joining trade unions

Internationals in Denmark rarely join a trade union

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