Jet Aviation will cut 200 to 300 jobs at its Basel, Switzerland aircraft completions facility, a company spokesman told AIN, confirming local press reports. The cuts, which will be spread over the next 12 months, are part of a broader cost-cutting plan. For example, the working week might be increased from 42.5 to 45 hours with no increase in pay. The cost cutting will also include such measures as limiting the use of company cars. The spokesperson cited the “unprecedented contraction in the global economy, which resulted in significant devaluation of the U.S. dollar and the euro relative to the Swiss franc.” The facility employs 1,565 people, not counting temporary workers. They were informed of the planned employee cuts on August 24, and a final decision on the considered action will be announced next Tuesday. Just days before news of potential layoffs broke, a Jet Aviation spokesperson told AIN that the Basel site was struggling with production delays. On August 30, Jet Aviation Basel received a contract to complete a VIP Airbus A330-200.
Jet Aviation To Shed Up To 300 Jobs at Basel Site
- September 8, 2011, 12:09 PM