As industrial jobs disappear, executive salaries increase

November 17th, 2014

This article is more than 9 years old.

Every third job has vanished over the past 12 years

Industrial jobs are disappearing at an alarming rate. 

A study by the think-tank Kraka for the Ministry of Housing, Urban and Rural Affairs showed that between 2000 and 2012 over 123,000 industrial jobs – one out of every three – disappeared from the nation’s workplace.

Only a few councils showed a rise in the number of industrial jobs.

“We have become more efficient at industrial work, and that means some positions are simply cut,” Kraka economist Nicolai Kaarsen told TV2 News.

Education makes the difference
The disappearing jobs hit smaller councils hard. Carsten Hansen, the minister for housing, urban and rural affairs, has promised to take a hard look at ways to stop the bleeding.

Kaarsen said that was much easier said than done.

“It will be nearly impossible to get the jobs back,” he said. “Education is the key; it is much harder to replace an educated worker with a robot or machine.”

READ MORE: Once outsourced, production rarely returns to Denmark

Kaaren said that it was “unrealistic” to expect the tide would turn back the other way and lead to the numbers of manufacturing jobs increasing.

CEO salaries on the increase … again
Meanwhile, in other employment news, CEO salaries have risen by 2.2 percent over the last year, according to a study by Lederne, the Danish organisation for leaders, in collaboration with the research agency YouGov.

The average CEO salary in Denmark is now 52,782 kroner a month and has increased by no less than 1.7 percent every year since 2009, and by as much as 3.6 percent.

The rewards show how the number of available CEOs is low and the demand is high,” said Lederne chairman Svend Askær in a press release.

“CEOs are extremely coveted in the Danish job market.”

The report will be published in its entirety in mid-December.


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