Aerospace is a glamorous yet uncompromising business. The march toward commercial competitiveness began after deregulation in 1979, and drives on today as an unrelenting push for year-over-year cost improvements.What has been the impact on labor? As a percentage of the issues being dealt with now by management, it garners a decreasing share of attention and pales in complexity. As a publicly traded company, United Technologies (parent company of Pratt & Whitney) commits to deliver 15 percent earnings per share growth each year regardless of the aerospace cycle and situation. We are dealing with a growing number of increasingly complex problems as we reconcile the demands of shareholders, customers, and employees.
