Fort Worth, Texas-based GDC Technics, a provider of communication, engineering, and integration services to the aerospace market, has announced that it will be ceasing "most operations" at its Fort Worth headquaters, closing its San Antonio, Texas operations, and laying off 223 employees.
According to GDC Technics CEO Brad Foreman, the layoff decision was driven by Boeing's termination of the company's contract to build out the interiors of two Boeing 747-8 aircraft to be delivered by the end of 2024 and used as presidential aircraft.
Boeing has sued the company alleging that the company failed to meet deadlines and delivery dates and cancelled the contracts for GDC Technics "insolvency and failure to meet contractual obligations."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?