Robots will lead to manufacturing jobs boomRobots will create more UK jobs than they destroy, a new report has concluded.
According to this new research by Barclays, the benefits of automation will be particularly pronounced within the engineering sector.
In fact, the Future-Proofing UK Manufacturing report notes that, if £1.2 billion is invested in robots over the next few years, this could generate returns worth around £60.5 billion over the coming decade.
Notably, while some jobs will be phased out, many more will be created, while around 100,000 existing positions would be safeguarded as the manufacturing sector goes from strength-to-strength.
Robots tipped to increase productivity and jobs
Releasing the findings, Mike Rigby, head of manufacturing at Barclays, said: "This report highlights the importance of investing in robotics and automation for manufacturers as a potential solution to the ongoing ‘productivity puzzle.
"By investing an additional £1.2bn in automation technologies over the next decade, the UK manufacturing sector is forecast to create an additional £60.5bn of economic output and safeguard more than 105,800 jobs throughout the wider economy."
At the same time, however, the report calls for more to be done to ensure that new technology is user-friendly, while also making sure the new wave of robotics is flexible is sufficiently affordable so as to be available to small and medium-sized manufacturers and not just the biggest firms in the sector.
Meanwhile, the UK manufacturing sector has been given a major boost with the news that Nissan will produce its new Infiniti Q30S car in Sunderland.
The Japanese automotive giant is expected to create hundreds of jobs over the next few years as it makes history by making one of its luxury vehicles in Europe for the first time.
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