OGUK Business Outlook 2021

BUSINESS OUTLOOK 2021

Industry Employment (continued)

Figure 13: Company Employment Expectations, 2021

Data provided by OGUK members show that the majority of companies (57 per cent) anticipate employment levels to remain around the same in 2021, with 26 per cent anticipating an increase and 17 per cent indicating that levels could fall further. This is a marked improvement on sentiment expressed in Q2 2020 when 52 per cent of contractors and 41 per cent of E&P companies noted that they were planning redundancies due to market and operational challenges.

E&P Companies

>10% increase 0-10% increase Levels expected to remain around the same

Supply Chain Companies

0-10% redcution >10% reduction

Source: OGUK

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