What Happened
Half Of Employees Have Less Than Five Years Experience
Textron Aviation has revealed that half of its employees have less than five years of experience, highlighting the challenges the company faces in terms of skilled labor shortages. CEO Lisa Atherton outlined plans to strengthen the production system and supply chain, aiming to deliver 200 jets annually. The company generated $1.5 billion in second-quarter revenue, with an 11.2% profit margin, which was impacted by production inefficiencies. This was reported by FlightGlobal.