The Dutch technology sector is experiencing steady growth, with ASML at the centre of this expansion. In this article, we share our insights into the significant impact ASML’s growth has on the blue-collar job market in the Netherlands.
We will explore how the company’s expansion influences vacancies, salary increases, and the broader labour market and provide a comprehensive understanding for all employers interested in growing their organisations and international workforce.
ASML and its Expansions over the Years
ASML, a leader in the semiconductor industry, has been a key player in technological advancements and manufacturing. Founded in 1984, ASML has grown to become a global powerhouse, supplying cutting-edge lithography machines to major chip manufacturers worldwide.
The company’s presence in the Netherlands is significant. Tulips, windmills, and wooden shoes aren’t the only things that the Netherlands is famous for; ASML is helping to put the country on the map as a high-tech hub.
ASML is currently Europe’s second most valuable company, with an approximate market cap of €344 billion as of July 23, 2024. The company’s innovative technology is crucial for producing the microchips found in almost every electronic device today.
Their headquarters are in Veldhoven, with additional locations in nearby Eindhoven and Oirschot, and further north in Delft. The Netherlands houses more than half of all ASML employees, making it the central hub for most of their R&D and operations.
The company is currently embarking on an ambitious expansion plan, which includes the development of a new campus around Eindhoven Airport to accommodate 20,000 additional employees.
With its expansions over the years, ASML stands as a leader in the industry and sets a standard for other companies.
With that said, what is the impact of this tech giant on the other players in the Dutch market?
3 Ways ASML is Changing the Blue-Collar Market in the Netherlands
Source: trendforce.com
ASML’s expansion has a broad effect on the blue-collar job market, influencing various sectors and creating different opportunities.
New Job Openings
ASML’s growth is set to create 20,000 direct jobs, with an additional 45,000 positions expected within its supply chain and related sectors. This massive increase in employment opportunities spans various industries, including manufacturing, logistics, and construction, directly benefiting blue-collar workers.
This is a significant win for the Netherlands, as it shows the country’s commitment to fostering innovation and attracting top talent from around the world.
However, the success of ASML’s expansion depends on critical factors such as talent availability, infrastructure, and housing. To address these challenges, the company is working closely with the municipality of Eindhoven to explore viable solutions and ensure a seamless transition.
Salary Increases in the Mechanical Industry
The demand for skilled labour at ASML has led to a significant increase in salaries within the mechanical industry. For instance, car mechanics are now being offered more competitive wages at ASML compared to traditional car dealerships.
ASML offers a comprehensive compensation and benefits package in the Netherlands that not only makes them an attractive employer but also contributes to the overall increase in salary standards within the industry.
Source: asml.com
Construction and Housing Development
ASML’s expansion requires considerable infrastructure development, including the construction of new housing to accommodate the additional employees. This has resulted in many job opportunities for construction workers and those in related trades, further developing the local economy.
To support this growth, the government intends to spend 1.7 billion euros on infrastructure construction as well as the rapid expansion of housing construction, education, and other related sectors.
As you can see, the impact of ASML extends well beyond the economic aspects.
Who Will Fill More Than 65,000 New Job Positions?
The rapid growth of ASML and its suppliers has intensified the demand for skilled workers. To meet this need, ASML relies heavily on international talent, particularly from EU countries.
In these circumstances, when you have a significant need for a skilled workforce, the role of recruitment agencies in sourcing and placing qualified candidates across various industries becomes crucial.
The Role of Recruitment Agencies
The expansion of ASML and its suppliers is a unique growth opportunity that will require careful resource planning, including identifying talent needs and successfully recruiting and integrating new workers.
International recruiters and recruitment agencies are experts in finding and sourcing skilled workers from around the world. These agencies are a reliable source of top candidates who, besides sourcing, take care of other related matters and ensure you seamlessly hire international employees.
If you have the ambition to grow your team internationally, you will need a recruiting partner you can trust who is familiar with recruiting laws in different countries and has a proven track record of successfully matching candidates in the past.
While ASML and other market players rely heavily on different MSP platforms to find white-collar candidates, such as Headfirst and Brainner, we’ve noticed a huge gap in the market when it comes to hiring blue-collar workers, especially from abroad.
Hire Abroad plays a crucial role in connecting employers with top international blue-collar recruiters. The all-in-one platform not only ensures a steady supply of skilled workers across manufacturing, logistics, and similar sectors but also streamlines the entire recruitment process, making it efficient and cost-effective for all parties involved.
By joining Hire Abroad, employers can:
- Efficiently fill their vacancies with international blue-collar workers;
- Reduce time-to-hire and overall recruitment costs;
- Maximise productivity and manage the entire process in one place;
- Increase the matching success rate and duration of stay for the candidates.
Grow Your Business with Hire Abroad
If you’re an employer looking to hire top international blue-collar talent, you can join Hire Abroad and get access to an extensive network of trusted recruiters and leverage platform features designed to let you seamlessly complete the entire process.
Schedule a call with our team to learn more about how you can benefit from the Hire Abroad platform and expand your global workforce.
