15 November 2016
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.”
Gurit announces that it is a major sponsor of the EPFLoop students team that will be competing in the 2019 SpaceX Hyperloop Pod Competition.
Near Glendale, California, sits a brand new multi-story housing complex which blends outdoor living with industrial style. The complex provides studio, one-, two-, and three-bedroom floorplans to those interested in urban living.
AREVO has announced a partnership with boutique bike manufacturer Franco Bicycles to deliver the world’s first 3D printed, continuous carbon fibre single-piece unibody frame for a new line of eBikes Franco will sell under the ‘Emery’ brand.