Germany poised to loosen immigration rules for skilled workers

Germany is poised to lower hurdles for skilled workers from abroad in a bid to plug yawning staff shortages in Europe's largest economy.

Chancellor Olaf Scholz's cabinet is due on Wednesday to approve measures to allow citizens of countries outside the European Union who've signed a contract with a domestic employer to start work immediately, according to a strategy paper seen by Bloomberg. They would then have their vocational qualification recognized later.