Aircraft parts manufacturers say a labor shortage is stretching delivery deadlines and disrupting the recovery of the airline industry. According to the Financial Post, companies that laid off workers when the pandemic abruptly canceled demand are having a hard time hiring enough workers to meet demand now that things are returning to normal. And some are deliberately keeping staff levels below normal in case a recession spawned by a variety of factors plunges the industry back into a slump.
Boeing CEO David Calhoun recently told a U.S. Chamber of Commerce meeting the parts shortage is a serious and likely long-lived manufacturing bottleneck. “I don’t see this getting resolved anytime soon,” he said. The castings business is apparently one of the hardest hit because it’s labor intensive and hard to automate. The publication reported that some castings makers are more than a year behind in orders.
Capitalism and loyalty are two way streets…and those pesky cost centers tend to want to eat and house their families even when Boeing is having a string of bad days. Covid was just the latest of many hiring/firing cycles.
Doesn’t take more than one cycle before most of those A&Ps we’re wringing our hands over figure out the car dealership pays well every day.
Welcome to capitalism, nobody said it was pretty or that you’d like it BUT HEY it could be worse. If the twice damned government would just get the hell out of the way the market would solve it’s own problems.
Indeed!
+1