Better business strategies will drive job growth
I found it quite ironic that your January issue of PLANT ENGINEERING arrived at my office on Monday Jan. 23. On page 52, Kim Hill has the following quote. "The looming skilled labor shortage is the single most important issue the US automobile industry will be facing in the next five to 10 years." It just so happened that Jan.
I found it quite ironic that your January issue of PLANT ENGINEERING arrived at my office on Monday Jan. 23.
On page 52, Kim Hill has the following quote. "The looming skilled labor shortage is the single most important issue the US automobile industry will be facing in the next five to 10 years."
It just so happened that Jan. 23 is when Ford announced its latest reorganization, cutting up to 30,000 jobs and closing 14 plants. I guess all the personnel that Ford will be letting go over the next two to six years won't cover the shortfall.
It seems to me that the potential labor shortage if it really exists at all, is a result of people deciding not to enter technical fields because of the never-ending stream of downsizing announcements from large manufacturing firms. The failure of these organizations to effectively implement business strategies that provide growth potential is a much more serious issue.
If they don't solve the problems behind their loss of market share we will continue to see downsizing announcements and there won't be a skilled labor shortage because the US manufacturing industry (automotive or otherwise) won't need those workers.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey