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ft | Global defence groups hiring at fastest rate in decades amid record orders, illustrated fascist democracy shield
A Financial Times survey of the hiring plans of 20 large and medium-sized US and European defence and aerospace companies found they are looking to recruit tens of thousands of people this year.
"Since the end of the cold war, this is the most intense period for the defence sector with the highest increase in order volume in a rather short period of time," said Jan Pie, secretary-general of ASD, the European aerospace and defence trade association. Governments around the world have ramped up military spending since Russia's full-scale invasion of Ukraine and amid widespread geopolitical tensions. The sudden spike in orders after decades of low volumes, combined with competition for digital skills from technology groups and a labour market still dealing with Covid-era staff shortages, are some of the factors driving the industry-wide hiring spree.
Nammo said it had "never seen a situation like this before". The company, which is part-owned by the Norwegian and Finnish governments, increased its headcount by 15 per cent from 2,700 in 2021 to 3,100 in 2023. It currently employs around 3,250 people and says a "doubling of the company size by the end of 2030 seems reasonable".

Rheinmetall of Germany on Friday said it was looking to hire hundreds of employees from leading car parts manufacturer Continental, which has been suffering from anaemic auto sector demand.

France's Thales, which makes the shoulder-fired Starstreak missile donated to Ukraine from western government stockpiles, said it has recruited 9,000 people—11 per cent of its current workforce of 81,000—in its defence operations over the past three years.

by Cat on Mon Jun 17th, 2024 at 03:00:37 PM EST

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