Overview

• Laboral Kutxa’s Horizon 2036 report forecasts a gap of at least 20,000 workers in Euskadi within the next decade.
• Seven out of nine demographic scenarios indicate that labour supply will fall short even under optimistic assumptions.
• The report identifies declining birth rates and an ageing workforce as the primary drivers of future shortages.
• Raising the retirement age to 69 is expected to mitigate some of the shortfall but will not eliminate it.
• Analysts caution that increased immigration alone would be insufficient to fully address the impending labour deficit.