Robots could replace 20 million manufacturing jobs in 10 years
According to the latest analysis from Oxford Economics, around 20 million global manufacturing jobs could be replaced entirely by robots by 2030.
Oxford Economics has called for action to prevent the damaging increase. It is said that for every new industrial robot, 1.6 manufacturing jobs are lost, and the regions with the least skills are mostly being affected.
Furthermore, workers who move from the manufacturing industry sometimes get new jobs in construction, maintenance or transport - and robots are said to be taking over the automation industries, too.
Twice as many jobs could be lost in lower-skilled regions due to robots being installed, which is becoming a growing danger throughout the UK.
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.
Confidence the missing ingredient for growth
Global event supercharges North East screen sector
Is construction critical to Government growth plan?
Manufacturing needs context, not more software
Harnessing AI and delivering social value
Unlocking the North East’s collective potential
How specialist support can help your scale-up journey
The changing shape of the rental landscape
Developing local talent for a thriving Teesside
Engineering a future-ready talent pipeline
AI matters, but people matter more
How Merseyside firms can navigate US tariff shift