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Article: New Survey Says Workforce Woes to Continue for Aerospace and Defense Industry.
- Article from:
- Biotech Week
- Article date:
- September 30, 2009
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Expected increases in retirement eligibility rates of existing workers, and documented increases in voluntary attrition rates of younger workers, combined with weak demand for future contracts (work) has Aerospace and Defense companies facing the most challenging business environment in recent history, according to a new workforce survey by AVIATION WEEK and sponsored by Hitachi Consulting (see also Hitachi Consulting Corporation).
Not since the historical drop-off in defense spending after the Cold War has the industry experienced this kind of workforce uncertainty, according to AVIATION WEEK Business Editor Madhu Unnikrishnan, in an article detailing responses ...