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The crisis triggered by the pandemic in the aviation industry put the FACC under great pressure. The aircraft supplier closed the first half of the year with a drop in sales of more than a quarter and a loss of 41 million euros. The part-time work has been in place since the end of March and will expire at the end of September.
The aviation industry will only slowly recover
Based on new data, long-term forecasts are now available for the development of the aviation industry. “The recovery will advance slowly and will take between four and five years to complete, so 650 employees would have to be laid off”, explained Machtlinger as inevitable the reduction of the work meeting carried out in blocks by the crown Integrating the own production, expanding the product portfolio through vertical integration and thus creating about 150 new jobs on the site, “nothing changed.” We are aware that this intervention is painful for all the colleagues involved, but also for the company. “
The social plan is intended to cushion the negative consequences in FACC
A social plan had been drawn up together with the workers’ representatives. “In the coming days we will have face-to-face conversations with the affected employees. The social plan that has been drawn up aims to cushion the negative consequences and provide the best possible support,” said union representatives Christian Burger (GBH) and Wolfgang Gerstmayer (GPA). djp) at the business meeting.
FACC management assumes that with 2,700 employees and a solid equity ratio of around 40 percent, Ried’s company is “very well positioned” for the future.
(Those: APA)
