20% of Construction Workforce to Retire within a Decade

posted 12.08.2013
According to the Office of National Statistics 43% of the UK construction industry labour workforce is 45 years of age or older.

The worrying statistics have led to the Construction Industry Training Board (CITB) calling for more action to be done to start training up the next generation, encouraging companies to offer more training and apprenticeships to avoid a future shortfall of workers.

Of the 43% that are aged 45 or over, 19% are 55+ which is approximately 406,000 workers all of which will be nearing retirement age over the next 5-10 years. The other 24% which accounts for 518,000 people are aged between 45 and 54.

CITB’s interim chief executive William Burton said: “Almost one in five workers is set to retire from the construction industry over the next 5-10 years, so not taking action now to encourage young people to join the industry – and investing in the training to up-skill our existing workforce  –  is no longer an option. The construction sector is essential for local and national economic growth and to avoid the similar skills crisis that affected the industry in the early 1990s, we urge employers to act now.”

Category: Employment, general, industry