Despite the fact that unemployment in European countries such as Spain and Greece have hit double digits, employers in other parts of Europe are facing a labor shortage. In the Czech Republic, billions of euros have been invested in an effort to capitalize on the cheap labor that is present. However, over the years workers have left the country looking for higher wages resulting in a large labor shortage.
See "Europe's Other Jobless Dilemma Threatens Eastern Boom Model", Chicago Tribune, February 15, 2016