Abstract

This article deals with the problem of providing the machine-building and metalworking industry in Latvia with labor resources capable of ensuring the innovative development of the industry. Imbalance in the labor market has been shown, the tasks facing the Latvian education system are identified, the importance of training and development of personnel of the machine-building and metalworking industry enterprises is pointed out. The importance of lifelong learning was noted, since the fourth industrial revolution, the aging of population and the extension of the active working age dictate need for constant adaptation of the skills and abilities of workers. The main activities of enterprise in the industry to attract the interest of young people to relevant professions are considered, a number of existing projects of training and development staff of engineering enterprises has been shown.

Highlights

  • Latvian economy is being transformed into a model of sustainable development, where one of the “driving forces” of country's economic development is to export of manufactured products and services, ability to compete in local and foreign markets

  • As important role in this process belongs to engineering and metalworking industries, since, firstly, this industry provides other sectors of the economy with machinery, production systems, components and related services, as well as technologies and knowledge necessary for these industries, secondly, the industry has a pronounced export orientation

  • Mechanical engineering and metalworking industry must deal with challenges which are relevant to industrial policy of Latvia as whole

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Summary

Introduction

Latvian economy is being transformed into a model of sustainable development, where one of the “driving forces” of country's economic development is to export of manufactured products and services, ability to compete in local and foreign markets. As important role in this process belongs to engineering and metalworking industries, since, firstly, this industry provides other sectors of the economy with machinery, production systems, components and related services, as well as technologies and knowledge necessary for these industries, secondly, the industry has a pronounced export orientation. Mechanical engineering and metalworking industry must deal with challenges which are relevant to industrial policy of Latvia as whole. Such challenges include, in particular, low labor productivity, labor costs and price competitiveness, imperfection of the innovation system, and the demographic situation.

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