"The company, the largest US warship builder, unveiled its new strategy for fixing shipbuilding workforce problems last year, and it's now seeing positive signs that are making it "cautiously optimistic," CEO Chris Kastner said. During HII's third-quarter earnings call, Kastner said that the Newport News shipyard in Virginia saw "an increase in experienced hires following the wage investment this summer and increased hiring from regional workforce development pipelines, which provides more proficient incoming shipbuilders," calling the efforts "important steps to stabilize and level up the experience of our workforce.""
"Over 4,600 shipbuilders have been hired year-to-date, and retention rates at the Virginia yard and Ingalls in Mississippi have increased, the CEO said last week. More workers are also being hired from regional workforce development centers, apprenticeship schools, and dedicated high school programs as well. HII said last fall that it was going to hire fewer green workers and instead increase wages to bring in and keep more experienced talent, and leadership has continued to emphasize that this year."
Huntington Ingalls Industries increased wages and implemented a new workforce strategy to attract and retain experienced shipbuilders. The Newport News shipyard recorded an increase in experienced hires after wage investments and more hiring from regional workforce development pipelines. Year-to-date hiring surpassed 4,600 shipbuilders, with retention rates rising at the Virginia and Ingalls, Mississippi yards. Recruiting expanded to workforce development centers, apprenticeship programs, and high school initiatives. The strategy emphasizes hiring fewer inexperienced workers and paying more to secure experienced talent. Congressional funding earlier this year provides additional support for these workforce efforts.
Read at Business Insider
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