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The price of vacancy for high-tech manufacturers and companies with complex technologies or logistics is staggering, and while companies recognize this is a problem, the true cost has become such a part of the status quo that it is often overlooked.

Apprenticeships are vital to closing the skills gap.

“It is very important in our industry to hire someone that has a certain skill set and that skill set is being taught with appteniceships,” Manual Merkt, President & COO of Hermle USA