Are you worried about the future of your engineering job?
The credit crunch appears to be taking its toll on a variety of sectors, including that of manufacturing, a concern you may already have if you are worried about the stability of your engineering career.
Indeed, the recent Monthly Industrial Trends survey from the Confederation of British Industry (CBI) shows that UK manufacturers believe their output levels over the next three months will reach a low not predicted since 1980.
And if you are yet to be employed within the science and manufacturing sector and are hoping to kick-start your engineering career, the CBI announcement that export orders have fallen below par may not instill you with much confidence of the future of British industry.
But fear not. A new report by PricewaterhouseCoopers reveals that chief executive officers and board members in science and engineering have the mantra that the sector has survived previous recessions and it will also survive this one.
They claim that rather than giving engineering jobs and other positions the chop, they are instead investing in talent to ensure the sector remains on a competitive footing for when recovery begins.
"Britain is a world player in aerospace, accounting for 15 per cent of global output in 2007. UK automotive output was near an all-time record high in 2007 and automotive exports were at an all-time high with a total value of around £20 billion," the report asserts.
So with the engineering and science talent in this country being held on to, your job and the future of the industry could be set to remain in good stead.
Written by Victoria Leyfield.
Filed under: Aerospace Engineering, Automotive Engineering, Chemical Engineering, Civil Engineering, Electrical and Electronic Engineering, Mechanical Engineering, Rail Engineering, Telecommunications Engineering
