When Companies Die

But there is something that is not glaring — the loss of a skilled workforce. When companies die, the skill set that support that sector of the economy either dies entirely or moves to another place that it is required. As you now know, talent is always attracted to opportunities. This is apparent today as many countries are using the opportunities they have, to attract top talents from around the world. Canada, Australia and the UAE are all singing from that hymn book as at now.

Let us think of the death of the auto industry in Nigeria. It started slowly and after a while, it became apparent that the supporting industries also followed suit. Tyre manufacturing also left with it. That means auto technicians and electricians had to find other jobs or move to countries that can support that skill. That also means it would be hard to get good company trained mechanics because they do not have a company to ply their trade. Same fate attacked the tyre industry (Michellin, Dunlop etc). It is now hard to get people who can advise you on what to look out for when getting a tyre. You now understand why it is hard to get a great mechanic. When the auto-companies (Volkswagen, Peugeot PAN etc) were around, they trained the mechanics in their dealerships and that knowledge was also passed down informally to friends and acquaintances of the trained. That meant it was easy to get folks who could offer that service either as an independent or an affiliate of the car brands. But this is all now in smokes. That skillset and capabilities are gone.

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Gabriel OMIN

Gabriel OMIN

Family Conscious. Eclectic Mind. Faith Inspired. Personal Finance. Biz Consulting. Entrepreneurship