Report: Manufacturing skills gap could hit 2 million jobs by 2025

Oct 09, 2015

A new report estimates that a majority of needed manufacturing jobs could go unfilled over the next decade without better cooperation by industry, government and higher education.

Electronic components distributor Newark element14 issued a report on the manufacturing sector's "skills gap" to mark National Manufacturing Day.

The analysis estimated that 2 million of the 3.5 million jobs needed in manufacturing by 2025 could remain vacant.

The report also said that companies lose $14,000 on average for every manufacturing job that goes unfilled for at least three months, and that those vacancies negatively impact employee morale and productivity.

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