Manufacturing recovery needs new skilled workers
Older employees leaving with experience, talent poses challenge
Oshkosh Corporation recently had a job fair where there were 8,000 applicants for 600 positions. The specialty truck manufacturer hasn't been able to fill them all and that doesn't surprise economist Jeffrey Sachse.
"As we have moved into recovery, a major challenge is to identify what workers and skills the region needs to be more competitive," Sachse told a Tuesday gathering at The Chamber of Manitowoc County.
"The big demand we have now is finding people to fill new demand," Sachse said.
Many older workers in manufacturing are exiting and taking with them critical experience and skills, said Sachse, whose talk was titled, "Growth and Challenges in a Changing Economy — 2011 and Beyond."
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- Edited by Amanda McLeman, Plant Engineering, www.plantengineering.com
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey