The relevance of the article is determined by the need to substantiate the characteristics of the application of public-private partnership models in the vocational training of specialists in institutions of vocational (vocational-technical) education, taking into account the contemporary needs of the labor market, capable of working effectively in high-tech manufacturing environments. Objective: To identify and substantiate the characteristics of the application of public-private partnership models in the vocational training of specialists for the contemporary needs of the labor market. Methods: Analysis of normative and scientific literature regarding the development of public-private partnerships in the field of vocational (vocational-technical) education and the summarization of its results – to identify the state of the problem's development and to clarify the characteristics of the application of public-private partnership models in the vocational training of specialists for the contemporary needs of the labor market. Results: The characteristics of public-private partnership models in conducting the vocational training of specialists for the contemporary needs of the labor market have been determined and substantiated. The participation of private companies in co-financing programs for the vocational training of specialists, the modernization of the material and technical base of vocational (vocational-technical) education institutions, and the creation of conditions for internships for students and teaching staff of vocational (vocational-technical) education institutions at high-tech workplaces have been analyzed. Conclusions: It has been found that the effectiveness of public-private partnerships in the vocational training of specialists is ensured through the implementation of models: joint financing of vocational (vocational-technical) education programs; internships for students of vocational (vocational-technical) education at partner enterprises; organization of dual form of vocational education; training of specialists on the order of enterprises. Among the characteristics of the application of public-private partnership models are: ensuring the quality of vocational training of specialists, reducing expenses from the state budget on the implementation of vocational (vocational-technical) education programs, increasing the level of employment in the profession of graduates, and strengthening the links between vocational (vocational-technical) education and private business. Recommendations have been formulated for activating public-private partnerships in the vocational training of specialists through organizing informational and educational work, improving the regulatory framework, ensuring funding for educational projects, coordinating efforts on the part of all interested partners, and enhancing transparency and accountability of their activities, in order to minimize the risks of corruption in the implementation of public-private partnership projects.