Oil industry: 50,000 oil jobs disappear because of downturn

Oil industry: 50,000 oil jobs disappear in downturnOil industry.Photo Wikipedia

The recovery from the oil crisis won’t start until  2018, and until then 50,000 jobs will disappear, according to a new report from the industry organization Norwegian Oil Industry Association.
– The report indicates that there is going to be a significant need for recruitment in 2019- 2020. This is a pleasant message to bring,  CEO Karl Eirik Schjøtt-Pedersen of the Norwegian Oil Industry association says to the newspaper Dagens Næringsliv.
By that time, 50,000 Norwegian oil jobs will be lost, according to the report made for the organization  by the research institution Iris . 38,000 of them have already disappeared, while 12,000 more jobs are expected to disappear in 2016 and 2017. Assuming that the price of oil will start climbing in 2017, the number of available oil jobs will increase again by 22,000 until 2020, according to the report, which will be presented at the annual conference of Norwegian oil and gas Thursday.
Leif Sande of the trade union Industri Energi is not very impressed by this:
– When they once more are going to recruit people with a background in science or engineering in order to fill those 22,000 positions, many people will be asking themselves – they should at least be asking themselves this question – is this an industry can be relied upon? How many years will pass before things picks up again? Should we focus on getting this education so that we end up in the oil business for only a few years, he asks.

 

Source: NTB scanpix / Norway Today

1 Comment on "Oil industry: 50,000 oil jobs disappear because of downturn"

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