Gulfstream Aerospace has cut 446 positions, or 3.5 percent of its workforce, a move the company said was part of “disciplined business practices” to keep down costs. “Sometimes, when we expand in one area, we have an offsetting contraction in another,” the company said, adding that it has more than doubled its workforce over the past 10 years.
“To ensure Gulfstream’s continued long-term success, we must consistently evaluate the size and structure of the business and adjust accordingly,” it added. “We will continue to hire and add resources in areas aligned with our strategic growth plan, while judiciously consolidating, integrating, and streamlining resources that no longer align with that plan.”
The reductions primarily involved business support and administrative functions across its 11 U.S. locations. “We regret the impact these decisions have on our employees. Depending on individual eligibility criteria, employees may receive benefits that include severance and benefits extensions,” Gulfstream said.
Meanwhile, the company is adding manufacturing and maintenance roles, including technicians for its newly opened service centers in Appleton, Wisconsin, and Savannah, Georgia. Further hirings are ahead for the planned service center openings in Palm Beach, Florida, and Van Nuys, California.