Although they may be happy to have a job in the midst of a recession, American workers are increasingly unhappy with their jobs. A survey by the Conference Board research group found job satisfaction is at its lowest in 22 years. Only 45% of U.S. workers said they were satisfied with their jobs. This is [...]
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Not long ago the future of FBOs was looking pretty rosy. Business travel was booming worldwide and aviation industry gurus predicted a robust future for FBO operations. Then the U.S. economy tanked sending global markets sprawling. Financial woes pulled the plug first on personal airline travel, then on business travel. Airlines were an early casualty of the [...] Hope is on the horizon. The airline industry is starting to climb out of the recession, but it could be years before business travel returns to its pre-recession level, if it ever does. Pre-recession, business travel was the most important growth segment for passenger airlines. Unfortunately, the recession forced frequent corporate travelers to adopt less [...] Airlines are outsourcing major aircraft repairs to foreign countries in ever-increasing numbers. National Public Radio reported this week that in 2007 U.S. air carriers sent 71% of “heavy airframe maintenance” to private facilities in cheap foreign labor markets (see our Oct. 19, 2009 post). Airlines cite a recession-driven need to lower maintenance costs as the [...] The airwaves have been blistering the morning with news about U.S. airlines outsourcing maintenance to cheap foreign labor markets. Kicking off a two-part series this morning, NPR (National Public Radio) reported that U.S. air carriers sent 71% of “heavy airframe maintenance” to private maintenance facilities in 2007. As NPR pointed out, that’s a considerable increase [...] |
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