Forty pct of mining companies expect to cut staff in 2016

MINING.COM Staff Writer | December 1, 2015 | 9:56 am Base Metals Energy Precious Metals Coal Copper Gold 
staff cuts expected in 2016 hays coal_bucketwheel_shutterstock

More than half (55%) of mining employers cut staff in 2015 and an additional 40% expect to cut in 2016, according to an industry survey by the recruiting firm Hays.

Under-staffed businesses are resulting in burnout and low morale, and current employees are “feeling pressure more than ever”, says Hays.

While companies cut, employers in the resource and mining industry have expressed concern over growing skills shortages, with three quarters (76%) of employers identifying moderate to extreme issues around talent gaps.

Additional report highlights:

  • 63 per cent of resource and mining employers are not actively hiring new graduates despite reports of a growing skills shortage
  • 2016 salary increases for resource and mining professionals are more modest than the previous year, with 21% reporting no increases compared to eight per cent in the previous year
  • Almost three quarters (73%) of oil and gas employees experience moderate to extreme workplace pressure due to the lack of employees and skills present
  • Work from home options, pension/RRSP contributions and flexible work hours are the top-three incentives oil and gas employers want to add in an effort to attract talent

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3 Comments

  • Ciprian Popa

    What on Earth does pct stands for?

  • Rayban

    May be Percent . % Guess , it does mean percent somewhere sometime but does it mean percent on the blog page here ?

  • JennP

    Yes, ‘pct’ is an abbreviation for percent.

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