Severance package

July 27, 2009 - 10:19am

In hard times past, when an economic crisis resulted in reduced demand for business aircraft and business aviation services, layoffs were common, often with little notice and minimal compensation. In this recession, which has hit business aviation like the downhill run on a roller coaster with no bottom in sight, companies have sought to ease the trauma of job loss.

March 12, 2009 - 9:28am

After trying to cut costs by reducing wages and work hours, Duncan Aviation has “had to implement a reduction in its nationwide work force.” It is the first such action in Duncan’s 53-year history, the company explained in a statement. The layoffs affect 304 positions, including 170 at Duncan’s Lincoln, Neb. headquarters; 122 in Battle Creek and Kalamazoo, Mich.; and 12 at satellite avionics and engine facilities in the U.S.

 
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