Energy sector’s retirement timebomb poses major op risk
Up to 80% of the world’s current energy and commodities workforce are set to retire within 15 years according to recent data. Lianna Brinded investigates the operational risk implications
The energy and commodities sector has a major operational risk on its hands, as the industry faces a serious drain in workforce, with up to 80% of its non-trading employees, mainly in engineering and maintenance, due to retire within the next 7–15 years. This will have major repercussions for the operational side of the market, as there will not be enough skilled or experienced workers to bridge the gap of retirees and new employees, say risk managers.
“Any dramatic change in industry workforce
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