RECORD YEAR FOR BRITISH PLANE MANUFACTURING

The aerospace industry is on track to build more planes than ever as orders soar to a record high for 2015

Engineers in the UK specialise in building parts including wings and engines for aircraft and contributed to the delivery of 1,265 new planes by the end of November, according to trade body ADS Group.

That is up 5% on the same period of 2014, which was itself a record year for the manufacturers.

November alone was a record month for the sector with 132 aircraft delivered, a rise of 12% on the same month a year earlier.

ADS Group said the deliveries so far this year are worth £21.5bn to the UK industry.

Although the number of orders slid on the year, the industry is still taking orders faster than it can fill them, sending the backlog up 6% to 13,235 at the end of November.

The backlog for widebody aircraft is unchanged at 2,685, but has grown by 8% for single-aisle planes to a backlog of 10,549.

"The strong order book translates into long-term high-skill, high value employment across the country," said Paul Everitt, chief executive of ADS Group.

"UK Government support for industrial strategies is encouraging investment in skills, R&D and productivity, helping UK companies to compete successfully in tough international markets."

Meanwhile managers across the wider economy are confident that the UK will remain strong in 2016, though sentiment has softened over the past year.

 A survey by the Chartered Management Institute (CMI) found that 60% of managers enter 2016 in an optimistic frame of mind, dipping a touch from 63% a year ago.

But the number sacking staff is falling - 46% reported making redundancies in 2015, but only 37% expect to in the coming 12 months.

Managers in the public sector are least upbeat about the coming year with 59% declaring themselves to be pessimistic, compared with 32% in the charities sector and 26% in the private sector.

Top bosses are most upbeat - only 11% said they are pessimistic and feeling under pressure, compared with 31% of more junior managers.

The top barrier to improved performance is excessive bureaucracy, which was cited by 30% of the more than 1,000 managers surveyed.

"Never mind sleep-pods or virtual reality in the office, what managers really want for the New Year is for their employers to cut paperwork, improve workplace culture and replace outdated technology," said CMI chief executive Ann Francke.

"As we all limp back to the office after Christmas festivities it is all too easy to fall back into bad habits. Managers and leaders must have the resolve to see necessary changes through if we're all to prosper into 2016 and beyond."

Source: TheTelegraph 

 

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