Man­u­fac­tur­ing jobs to de­cline

Taranaki Daily News - - Business -

There will be fewer man­u­fac­tur­ing jobs in the long term, but they will be more highly-skilled, a re­port by the Min­istry of Busi­ness, In­no­va­tion and Em­ploy­ment fore­casts. Dis­rup­tion in the in­dus­try is ex­pected to cre­ate safer spe­cialised jobs, as ro­bots un­der­take more haz­ardous tasks and in­crease ef­fi­ciency and prof­itabil­ity. The sec­tor con­trib­uted 12 per cent of New Zealand’s real GDP, or $23 bil­lion, last year. The past 10 years had been a ‘‘game of two halves’’, the re­port said. Over­all man­u­fac­tur­ing out­put de­clined in the 10 years to 2017, largely due to the im­pact of the GFC. But the sec­tor’s out­put has slowly been ris­ing again – a trend mostly driven by food and bev­er­age man­u­fac­tur­ing.

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