Between the years 2010 and 2022, the city of Aberdeen faced a staggering loss of approximately 9,000 jobs. This was largely due to the downturn in the oil and gas sector, which was integral to the city's economy. To put this into context, in 2015, Aberdeen was at the pinnacle of its economic success; however, in the years that followed, it has been grappling with significant challenges. Let's take a closer look at the specifics of this downfall.
1. Between 2010 and 2022, the city of Aberdeen lost approximately 9,000 jobs due to a downturn in the oil and gas sector.
2. The oil and gas industry was integral to the city’s economy.
3. In 2015, Aberdeen was at its peak of economic success, with thousands of jobs securely anchored in the thriving energy industry.
4. However, the following years saw a significant shift, with the city grappling with substantial challenges due to the job losses.
5. The loss of jobs serves as a clear example of the risks and unpredictability of relying heavily on a single industry for economic stability.
In just five years, from 2015 to 2020, 7,000 oil and gas jobs were lost in Aberdeen, constituting over 15% of the total job losses in the city during this period.
Despite the harsh realities wrought by the oil and gas sector's poor performance, Aberdeen remained resilient. At the city's peak in 2015, the picture was quite different. Thousands of jobs were securely anchored in the thriving energy industry. However, the following years saw a harsh reversal of fortunes, with the city losing close to 9,000 jobs between 2010 and 2022. This alarming downturn serves as a stark reminder of the unpredictability of reliance on a singular industry.