"If a war breaks out in Ukraine the high-tech industry will suffer a severe blow"

The chairman of the Israeli High-Tech Association estimates that Israeli companies employ tens of thousands of workers in Ukraine and anticipate a severe manpower crisis, in the event of a Russian invasion.

Between Ashkenazi

16/02/2022

Wednesday, 16 February 2022, 13:22 Updated: 13:32

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The winds of war blowing in Europe worry us all.

Beyond the understandable fears for human life, the threat that Russia poses to Ukraine also affects the economy and even the Israeli one, and more precisely - the Israeli high-tech industry.

Marian Cohen, Chairman of the High-Tech Association and President of the Mr. Group, spoke with Walla! And explained how a war in Europe could affect the high-tech industry in Israel

:

Since there is a shortage of manpower in large numbers and since high-tech is very difficult to train workers, then we are trying to find where to look for manpower and Ukraine is one of the best places for that. "

" "40,000 people work in Ukraine and work for Israeli high-tech companies."

"If God forbid a war breaks out in Ukraine, the high-tech industry in Israel will suffer a very severe blow, the shortage of manpower will worsen. Yesterday I saw that Wise and several other companies relocated their workers to Turkey and Poland, just took the whole family to other countries."

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Tens of thousands of Ukrainians are employed in the Israeli high-tech industry, according to the chairman of the Israel High-Tech Association (Photo: ShutterStock)

20% of high-tech industry workers in Israel - Ukrainians

Cohen adds: "In order to get an illustration, the industry in Israel as a whole employs an order of magnitude of 370,000 workers and that includes all workers, not just programmers. A war in Ukraine will be a blow because those employed in Ukraine are the important workers for the business. Almost 20% of the industry in the country - and this is a big blow to the industry. "

Can you quantify the damage in numbers?

"It's very difficult to quantify, but the biggest damage is in the image of not delivering the goods on time. It's a credibility that is built over years that cracks in one day."

Hopefully maybe someone in the Kremlin will hear this and think before deciding whether to break into the war.

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• Ukraine

• Russia

• war

• Hi-Tech