Labour productivity in different segments of aircraft industry

Abstract

This article is devoted to the problem of labor productivity (LP) in various segments of the global aircraft industry over the past decade. Intense competition forces aircraft manufacturers to pursue a policy of saving resources (primarily, workforce) at the all stages of the life cycle of aircraft and to introduce innovative technologies, automation, and robots. In assessing the relative growth of LP, the inflation (relative to the base 2009) and the purchasing power parity (PPP) of national currencies relative to the dollar are taken into account. The analysis showed that the LP is different for aircraft market segments and depends on development of market relations in the countries-manufacturers. The author believes that the main difficulty to the LP growth in countries with developing markets are monopolism, weak management, and insufficient skills of engineers, marketers, and workers.