They will be releasing in the oil industry. Lose their jobs every 10 employee – HR Pulse

They will be releasing in the oil industry. Lose their jobs every 10 employee – HR Pulse

PAP | December 10, 2014, 17:52 Wydrukuj article Share Article

photo. Wikimedia Commons

In the next five years employment in the oil sector in the UK will fall by 35 thousand. jobs, or about 9 percent. And all this by the crisis.

The British oil sector currently employs about 375 thousand. people. Almost one in ten may lose their jobs in the next five years due to the deteriorating condition of the industry – According to a report prepared by EY.

Since the beginning of this century, the extraction of oil and gas on the UK Continental Shelf consistently fall despite record spending on investments in the sector, which in 2013 exceeded 14 billion pounds. According to the data for the first half of 2014 the production of British deposits increased by about 1 per cent., Which may herald the end of the negative trend.

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According to government estimates, the UK Continental Shelf production should remain stable until the end of the decade. Despite this, experts forecast that employment in the sector will fall in this period by 9 percent.

According to the report, the cause of the decline in employment will be primarily projected fall in investment. By projected to drop down from a peak of more than 14 billion pounds in 2013 to less than 8 billion pounds in 2019 years.

The reason for this decline is the “aging” of British deposits, most of which are in operation for several decades. The newly discovered deposits are now much smaller and at the same time more difficult to operate and thus – more expensive.

The second reason for the decline in employment is projected technological development of the sector, which will result in a decline in demand for new workers. As a result of technological change is also expected profile of candidates for employment in the sector.

According to the report, however, is a chance that some of the jobs lost can be recovered. Paradoxically, it may just be a result of declining manufacturing activity.

Read also: BP: They redundancies after the oil spill in the Gulf of Mexico

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