Deloitte Study: The Future of Work in Oil, Gas and Chemicals

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Consulting powerhouse Deloitte has just released a sobering new study called, “The future of work in oil, gas and chemicals” (full copy below). The study says the U.S. oil, natural gas, and chemicals (OG&C) industry slashed 107,000 jobs from March to August 2020, the fastest rate of layoffs in the industry’s history. Ouch. Even more sobering, the study says 70% of those 107,000 jobs lost during the pandemic may not return by the end of 2021 if oil remains at $45 per barrel, which seems likely.

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