The Nordam Group recently laid off 63 more employees, primarily from interiors and structures operations, which are responsible for business aviation cabin components. According to incoming CEO Bill Peacher, who will take over effective January 1, the reduction in force to date has amounted to about 7 percent of the employment base, including salaried, hourly and temporary contract employees, as well as losses due to attrition.
Fractional share provider CitationShares is reducing the size of its pilot workforce by 30 people, according to CEO Steve O’Neill. The Greenwich, Conn.-based company is offering an early retirement and temporary leave-of absence alternative to all pilots before determining how many will be affected by an involuntary furlough, he said.
Pratt & Whitney laid off some 350 U.S.-based salaried employees yesterday in another sign of a projected slump next year in the civil air transport and military aircraft markets. Some 260 people lost their jobs at the company’s main operations in and around East Hartford, Conn. The remaining layoffs affect employees in 12 other states around the country.
Piper, which said it experienced at least a 45-percent decline in sales across the board, is preparing for another round of downsizing this month. At press time the company had not determined how many of its 1,200 workers will be let go. The company had to close for two weeks in the aftermath of September 11 and also dismissed more than 250 workers. “This doesn’t mean the company is not making the kind of investments to secure its future.
For years the conventional wisdom has been that to make money, you have to spend money–on facilities, workforce, R&D and, of course, business aircraft to move key personnel quickly to where the opportunities present themselves. Sadly, to make money in not-so-good times you have to save money, and to do that one of the first items to go to the selling block is usually the corporate aircraft.
For the third year in a row, Duncan Aviation was named one of Fortune magazine’s “100 Best Companies to Work For in America.” The Lincoln, Neb. services company was the only general aviation firm to make the list. Ranked at number 25, Duncan was selected by the magazine based on random employee surveys regarding workplace culture, career opportunities, training and education benefits, worker appreciation and compensation.
Piaggio Aero Industries is considering laying off 150 to 170 workers over the next few months. This reduction follows a three-year period of transition of ownership from the Italian government, where a “pre-purchase level of employees was to be retained,” said company officials.
MD Helicopters has to slash its work force by a quarter. The troubled company has been further damaged by a slowdown in orders for its helicopters, which are primarily aimed at the law enforcement and air ambulance markets.
The company is “permanently eliminating” 23 jobs, according to a spokeswoman, while another 33 people are being laid off until business improves. About 200 employees will remain at the plant in Mesa, Ariz.
On Friday, Taiwanese-backed Sino Swearingen furloughed 100 production-line workers at its San Antonio final assembly plant for the SJ30 light jet, as well as 30 at its subassembly manufacturing facility in Martinsburg, W. Va. V-p of sales and marketing Bob Kromer told AIN that the “temporary” layoffs are due to hiring getting ahead of current SJ30 production capabilities.
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