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Tue, Mar 04, 2003 - Page 12 News List

Germany, Japan add jobs for elderly care

BLOOMBERG , WASHINGTON

"The growth of senior care in the next 30 to 50 years will be above average, and we can profit from this," said Luthar Reiche, head of investor relations at Maternus-Kliniken AG, a German nursing-home operator. The company added 120 jobs in the past year as it took over nursing homes.

Over the past four years, employment in health-care services has increased 7.9 percent, compared with a rise of just 2.3 percent in overall employment.

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