As a machinist in a UK based/German owned machine shop supplying the rail brake system I can answer that, we are now turning out £8million of product with 23 operators and 10 machines. 20 years ago there were 130 of us producing £2million with 2 shops full of machines. I started in the company 40 years ago, drilling, milling, turning, boring, grinding, gear cutting, testing etc with 500 0n days and 200 on nights. These skills have now gone, and over the last few years the jobbing shops ( redundant/retired operators from machine shops) have died and the youth are not there to continue. (Ive got £100's worth of tooling spare).
In our local town, we have lost 2 bike MOT testers , so the last one has to handle the extra work load. 30+ bike MOT's in one friday. Avon tyres are closing , the skills there will be lost.
Specialist welders gone, specialist plating shops gone, specialist fabricators gone. The crankcases and crankshaft for a 500 BSA have been with my local machinist for 2 years due to his work load. Years ago, it would have been done on nights in our machine shop inside a week. Cost gone from a few beers or packet of **** to £100, If I change the guy with the cases this will rise to £250.
work load and skills available against demand equals a long waiting list.