Half of the companies said they were already planning to use their expertise by investing abroad Companies in the UK oil and gas sector expect to create up to 39,000 jobs over the next two years. A survey of 100 companies, commissioned by the Bank of Scotland, found expectations of employment growth had increased since last year. A clear majority (69%) of executives in the companies were optimistic about their growth prospects in 2014/2015. A total of 38% of those responding said a shortage of skilled workers would be their greatest challenge. Continue reading the main story "Start Quote Scotland should reap the largest share of these new jobs, however other parts of the UK will benefit from expansion plans" Stuart White Bank of Scotland International expansion was cited as a priority by 64% of those taking part. Key areas for investment were Africa, North America and the Middle East. 'Expand internationally' The survey found 46% of companies were already planning further growth in foreign markets over the next 24 months. The research was carried out by BDRC Continental and companies were chosen to reflect a range of size, location and service type. A similar study carried out last year indicated companies in the sector would recruit an additional 34,000 people over two years. Bank of Scotland commercial area director Stuart White, said: "The findings of this report are excellent news for the economy, demonstrating the employment-generating nature of the oil and gas industry now and in the future. "With most of the UK's oil and gas firms clustered in Aberdeen and the north-east, Scotland should reap the largest share of these new jobs, however other parts of the UK will benefit from expansion plans. "The report also highlights the growing challenges posed by the lack of a skilled workforce." For more information: https://forum.lowyat.net/index.php?showtopic=3200182 http://forums.moneysavingexpert.com/showthread.php?p=65310369#post65310369

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