Airborne Technical Components

Type
Internal restructuring
Country
Belgium
Region
Région wallonne; Prov. Liège; Arr. Liège
Location of affected unit(s)
Milmort
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.3 - Manufacture of air and spacecraft and related machinery
30.3 - Manufacture of air and spacecraft and related machinery
175 jobs
Number of planned job losses
Job loss
Announcement Date
26 October 2020
Employment effect (start)
31 October 2020
Foreseen end date

Description

Airborne Technical Components, a Belgian manufacturer of aircraft components has announced it will be dismissing a significant part of its total workforce. The COVID-19 crisis is the main factor in these decisions to try and save the company. The entire air travel sector has been impacted significantly by the crisis via restrictions on flying with corresponding declines in production and maintenance activity. Despite the extent of the measures, the company management states that even these  do not assure that a total closure can be avoided in the future. Trade unions at the company were aware of the difficult commercial situation, but were nevertheless surprised by the extent of the dismissals.

Sources

Citation

Eurofound (2020), Airborne Technical Components, Internal restructuring in Belgium, factsheet number 102186, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102186.