Industry retirements to leave 2.4 million vacant positions, $2.3 trillion in losses


The current skills gap as a result of steadily retiring skilled workers in the energy industry is expected to leave more than 2,3 million positions vacant through 2028, according to research firm Deloitte.

Due to the retirements, up to $2.5 trillion in productivity losses are expected during the forecasts period, hence the need to invests massively in building the next-generation energy workforce.

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Power management firm Eaton is addressing this growing skills gap through long-term investment in educational programmes.

Investments made by Eaton include:

  1. The firm’s long-term partnership with the University of Pittsburgh in preparing next-generation industry engineers and professionals.
  2. Partnership with the San Jacinto College to foster hands-on training for industry professionals.
  3. The Power Up initiative designed to help early and mid-career professionals keep pace with codes and technology advancement

Jeff Krakowiak, senior vice president of marketing and commercial operations at Eaton, said: “Electrical power is at the heart of what makes our homes, businesses and infrastructure work. Yet, there are not enough people with the specialised training needed to support the power industry into the future.