Ageing workforce would create shortage of manpower in Oil and gas sector - April 2, 2013

34% of mid-management level staff Oil and Gas sector would be retiring soon and there is not enough skilled labour to fill positions.

34% of mid-management level staff Oil and Gas sector would be retiring soon and there is not enough skilled labour to fill positions. The sector only employees when in grave need and always looks for experienced personnel contrary to foreign counterparts. Within 5-7 years the sector would either have to change their mindset about their recruiting preferences or would suffer the loss in manpower.

Source: www.economictimes.com, April 2, 2013. “50% of the employees in Oil & Gas due for retirement in the next 5 to 7 years”

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