The Grand Duchy of Luxembourg is located in the heart of Western Europe between Belgium, Germany and France.
The Grand Duchy of Luxembourg, a sovereign and independent state since the Treaty of London of 19 April 1839, is a parliamentary democracy within the framework of a constitutional monarchy.
Luxembourg owes its prosperity to the discovery of iron ore in the south of the country in the 1840s. This discovery gave its name to a whole region, Minett (from “minette”, the designation for iron ore in the Lorraine, France), and marked the transition from an agrarian to an industrial state.
Luxembourg’s financial centre is today the secondlargest investment fund centre in the world after the United States, the leading captive reinsurance market in the European Union, the leading centre for the cross-border provision of life insurance within the European Union and the leading centre for private banking for international clients within the euro area. Luxembourg is also the largest domicile for Islamic funds in Europe and the main European business centre for Chinese currency across several activities.
Luxembourg’s geographic location at the heart of the European markets and within reasonable distance of major European freight ports such as Antwerp and Rotterdam makes it an ideal gateway for logistics-related activity.
In recent years, the government has made substantial investment in research and innovation, establishing a whole series of direct and indirect instruments to promote this sector.
The decline in activity, but also the restrictions on borders, will have for effect to curb migration and border employment (expected to rise by 0.6% in 2019 and -3.7 percentage points lower compared to pre-crisis projections).
The foreign labour force tends to react more strongly to fluctuations of the business cycle because many cross-border workers and immigrants are present in commercial activities. The participation rate of residents would be also declining, but the crisis would be reflected primarily in the decline of the working hours (-3.7% in 2020). The increase in the number of unemployed would be pronounced his year (up 28%) and would continue in 2021 (up 10%), illustrating a certain hysteresis of unemployment as a result of the second-round effects that this economic major crisis will generate.
STATEC economic outlook (note de conjuncture) (Source: Statec NDC June 2020 pp 30-35)
Complimentary information on the labour market can be found on the following websites:
www.statistiques.public.lu: the Luxembourg statistics portal
ADEM: www.adem.public.lu: the official site of the Luxembourg Employment Agency
Some financial consultancy companies (e.g. BDO) recruiting on behalf of their clients also publish vacancy notices.
Websites of associations that represent various economic sectors and publish the contact details of member companies (see unsolicited job applications):
Hotels and restaurants/HORESCA: www.horesca.lu/fr/jobs-list
(vacancies advertised on this site)
Finance – The Luxembourg Bankers’ Association (ABBL): www.abbl.lu
Crafts and manual trades – Fédération des Artisans: www.fda.lu
Industry and business services – FEDIL Business Federation Luxembourg: www.fedil.lu
Wholesale and retail trade and transport – CLC: www.clc.lu
Temporary work – Fedil Employment Services, established in 1994 as ‘Union Luxembourgeoise des Entreprises de Travail Intérimaire’ (Luxembourg Association of Temporary Employment Agencies, ULEDI), is the umbrella organisation for temporary employment agencies based in the Grand Duchy of Luxembourg: www.fes.lu/fes
Text last edited on: 10/2020
In Luxembourg, employment and unemployment were strongly impacted by the shock of the health crisis. The rise in unemployment in March is mainly related to the closure of construction sites and the decline in temporary employment.
Over the next few months, the situation is expected to stabilize. The government's employment measures during confinement (partial unemployment, family leave) should largely limit the negative effects on the salaried workforce, with employment expected to increase by 0.8% in 2020 under the scenario of limited confinement, after 3.6% in 2019 (and against a 2.2% decrease without the maintenance measures employment).
Employment in the financial sector, already losing momentum in the last quarters (up 2.7% year-on-year in Q1 2020, after another 4.5% in Q4 2018), in particular due to a cap on Brexit-related job openings, is expected to suffer more the next trimesters. It would thus show a near-stagnation over the whole of 2020 compared to the previous year (-0.1%).
Public employment, already boosted by the new posts planned in the last budget (up 56% compared to 2019, many of which for the Police) is expected to increase in the short term as a result of the accompanying measures of the crisis. The Minister of Education has already announced the recruitment of some 500 people as part of the forced opening of schools. In 2021, however, public employment is expected to slow down, largely since the exceptional measures of 2020 will not be renewed, but also due to the likely future fiscal consolidation measures.
Specific information on the qualifications offered in certain sectors is available on the following website, which allows you to download various brochures on the qualifications of tomorrow in industry, construction and public works and in the field of ICT (Information and Communication Technologies).
CANDIDATES ARE KINDLY INVITED TO SEND THEIR APPLICATIONS TO:
Text last edited on: 10/2020
Luxembourg had 626.108 inhabitants on January 1, 2020, including 296.465 foreigners. Among the latter, the most numerous are the Portuguese (95.057), the French (47.805), the Italians (22.996) and the Belgians 19.823). There are 48.587 foreign nationals from non-EU countries in Luxembourg.
As of March 31, 2020, the employment situation was as follows:
The growth rate of total employment is 1,6 % over the past 12 months. For cross-border employment, it rises to 1,6 % (Source: IGSS / CCSS employment dashboard).
As of June 30, 2020, the unemployment rate (seasonally adjusted) was up to
5.4% 7,0 %, which is % an increase of 32,42% above the rate of December 2019.
The slowdown in employment growth that started mid-2008 continued in 2009, a year in which employment stagnated. In 2010, we saw a recovery that varied from quarter to quarter and, as of December 31, 2010, a year-on-year growth of 2.9%. Measured in December of each year, the year-on-year total employment growth was 3.3% in 2011, 2.1% in 2012, 1.7% in 2013, 2.4% in 2014, 2.7% in 2015, 3.5% in 2016 and 3.7% in 2017. In October 2018, year-on-year growth in total employment was 3.7%. As of September 30, 2019, salaried employment has increased by 3.3% over the last 12 months. (Source: IGSS / CCSS employment dashboard).
As of January 1, 2019, the largest employers (excluding public employment - state and city of Luxembourg) were in descending order: 1. The Post Luxembourg Group 4650 employees), 2. The CFL group (Luxembourg railways: 4510), 3. The Cactus group (Trade: 4420), 4. The Dussmann Luxembourg group (Cleaning activities: 4280), 5. The Mittal-Arcelor group (Iron and steel industry: 3900), 6. BGL BNP Paribas (Monetary intermediation 3830) 7. Goodyear Dunlop Tires Operations SA, Manufacture of rubber products (3450).
An updated list of the main employers is available on the website of the National Institute of Statistics and Economic Studies of Luxembourg (STATEC): https://statistiques.public.lu/en/enterprises/index.html
Employment conditions are attractive, and companies can therefore demand relatively high qualification levels.
Ministry of Labour, Employment and the Social and Solidarity Economy
List of main employers
Publications from the statistics portal
Text last edited on: 10/2020
Top 10 of the most required occupations in Luxembourg
1. Sales and marketing managers (ISCO 1221)
2. Policy and planning managers (ISCO 1213)
3. Software and applications developers and analysts not elsewhere classified (ISCO 2519)
4. Accounting associate professionals (ISCO 3313)
5. Information and communications technology service managers (ISCO 1330)
6. Financial analysts (ISCO 2413)
7. Commercial sales representatives (ISCO 3322)
8. Supply, distribution and related managers (ISCO 1324)
9. Cooks (ISCO 5120)
10. Plumbers and pipe fitters (ISCO 7126)