Looking for our consultancy, conferencing, training or innovation services? Visit netcompositesenterprise.com

NetComposites Now
Airtech

Avcorp Restructures its Gardena Facility

15 November 2016

Avcorp Industries issued 60 day WARN notifications on 24 October 2016, as part of a restructuring initiative at its Gardena, California, US, facility that will result in a workforce reduction of 75 permanent employees by 31 December 2016.

According to Avcorp, this reduction is in addition to exiting 180 temporary workers during the last 90 days, which were added this year to support customers’ requirements arising from legacy product issues.

The restructuring is expected to result in significant annual cost savings for the Company, net of anticipated severance costs of approximately $260,000.

“The team in Gardena has done a great job of meeting our customers’ needs under challenging conditions,” said Peter George, CEO of the Avcorp Group. “Our customers and our people understand the issues we face, and we are continuing to identify and act on opportunities in a focused and measured way. While these decisions were not taken lightly, they are intended to protect our people and capabilities, stabilise our processes and optimise our work flows so that we deliver world-class performance to our customers.”

 






comments powered by Disqus

Related / You might like...

Intertronics Offers Technology and Training to Enhance Productivity

Intertronics is offering process innovation and training to its customers to enhance their productivity and ability to compete in both home and export markets.

SCIGRIP Achieves ISO 9001:2015 Certification

SCIGRIP has achieved the ISO 9001:2015 quality management system.

Artemis Racing and Altair Collaborate on America's Cup Foiling Technology

Artemis Racing and Altair have collaborated to apply design and simulation technology to the daggerboards of the Artemis 35th America’s Cup boat.