The aerospace industry recorded the worst quarter as Kovid stopped sales.

The global aerospace industry has ended its worst quarter with record low orders for new aircraft and 12,000 jobs already lost or at risk due to a decline in travel due to the coronavirus epidemic.

According to the aerospace and defense lobby group ADS, aircraft manufacturers received only 13 orders in July and August. No orders were placed in September. Compared with 152 in the same period in 2019.

According to separate figures shown to Guardian, more than a 10th of jobs in the UK’s aerospace industry could go to aircraft manufacturers Airbus and Boeing and their suppliers accommodate lower demand.

According to the legally required notice of possible redundancy received by the Unite Union, at least 12,000 aerospace workers are either being made redundant or are at risk of losing their jobs. According to the ADS, in 2019 there were 111,000 employees in the aerospace manufacturing and maintenance sectors.

Those jobs will bring a large number of Airbus and engine manufacturer Rolls Royce, both of which are creating thousands of redundancies. However, difficulties in the supply chain have spread, and smaller companies across Britain are also cutting workers.

Labor MP Mark Tammy, who has Airbus’ UK factory in his Allen and Deeside constituency, said: “Prime has too much focus [manufacturers], But the weakest parts of the chain are customers and suppliers. The danger is that we lose these companies and they do not come back.

He said the government should take an “exhausting approach” in its support for the business to reflect health controls with specific assistance for the worst-hit industries, including hospitality and aerospace.

Component supplier Sr. has cut 600 jobs. Chinese-owned metal component manufacturer Gardner Aerospace and Canadian manufacturer Magellan Aerospace, both based in North Wales, are also believed to be struggling.

Todd’s Aerospace in Somerset fell into administration with the loss of 56 jobs in June, ending a business established in 1932. Canadian aircraft manufacturer Bombardier announced 600 cuts in Northern Ireland and Thompson Aero Seating made about 500 workers redundant in June.

General Electric and Collins Aerospace, owned by arms manufacturer Raytheon Technologies, have announced more than 300 redundancies in South Wales and the Midlands respectively.

The Unites national official, Rice McCarthy, said that the UK government should match the support given by Germany to its aerospace industries, which cost € 9 billion (£ 8.2 billion) for Lufthansa and France, and this gave the sector Given € 15bn.

“Other governments around the world that value their aerospace industry have taken this information and acted,” he said. “It is the time of the UK government, instead of always reacting too little and too late, to actually get over this crisis once and keep it in proper support which more than pays its way in the long run Will happen.”

Sign up for Daily Business Today email or follow Guardian Business on Twitter at @BusinessDesk

Industry proposals for a long-term supply chain investment fund in private sector investment in small companies were included in the business department’s subordination to comprehensive spending review, but a three-year strategy has been delayed by the epidemic. The Treasury first stands in the way of another plan to bring defense spending forward.

Paul Everitt, CEO of ADS, said the supply chain now needed finance to recover the industry, including Airbus’ readiness to increase the rate of production of its bestselling A320 single-isle aircraft from summer 2121 onwards. is.

He said suppliers are running away from the resources they have. “Those businesses need to start spending money again in the next three to six months.”


Leave a Reply

Your email address will not be published.