AM I NEXT? NO LOVE AT GENERAL ELECTRIC AVIATION (11/24/20)

DECEMBER 17, 2020 — ANOTHER WARNING OF FUTURE CUTS

Once again the company has suggested that there will be additional job cuts in 2021 as John Slattery, GE Aviation CEO noted, "As we continue to closely monitor market conditions, we are examining a range of options to appropriately scale our business to match the realities of the global airline industry recovery from the severe impacts of COVID-19 and additional job cuts would be a component of those options.”

NOVEMBER 24, 2020 — MAJOR CUTS IN THE IMMEDIATE FUTURE

Recently appointed (September 1, 2020) John Slattery, GE Aviation CEO, has told employees that “business conditions are difficult and the unit would need to shrink over the next 18 months.”

Slattery refused to specify numbers and locations but noted that “More jobs would be lost, but the cuts would be more focused than two rounds of layoffs earlier this year that ultimately eliminated 25% of the division’s 52,000 global employees.”

“The business revenue and profit projections not only for this year but next year and the year after are fundamentally lower than what we originally budgeted or expected. Overall, particularly in our commercial sector, we’ll be a smaller business and our cost structure simply must align.”

More details coming 1st quarter 2021.

JULY 8, 2020 — Previous post…

Evendale, Ohio-based GE Aviation, a subsidiary of General Electric and a major major aircraft engine manufacturer, has announced that the company will lay off 208 employees in Evendale, Ohio on July 24, 2020.

The layoffs are part of the global reduction of 25% of the global workforce.

The company has previously laid off 558 full-time employees and 47 part-time workers this year in Evendale, Ohio, and Beavercreek, Ohio.

According to a company spokesperson, “These actions are consistent with previously-announced plans to reduce our workforce due to the unprecedented impact of COVID-19 on the commercial aviation industry. We appreciate the commitment of all our employees during this difficult time, and we regret having to take this action. We remain focused on protecting the safety of our employees, continuing to serve our customers, and preserving our capability to respond as the industry recovers.”

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?

AM I NEXT? NO LOVE AT SAFRAN SEATS

Gainesville, Texas-based Safran Seats, owned by Paris, France-based Safran and a designer, certifier, and assembler of aircraft seats, has announced a major reduction in force at its manufacturing facility located in Santa Maria, California. The Safran Seats facility will close by the end of 2020 and impact 300 employees.

The decision was driven by the worldwide downturn in the airline industry due to the COVID-19 pandemic. Safran Cabin, also located in Santa Maria and a creator of cabin interiors, will remain open although it previously laid off 58 employees.

According to a Safran spokesperson, "The aerospace industry is facing an unprecedented crisis as a result of the coronavirus pandemic's wide-ranging effects. There has been an 80% reduction in the amount of global air travel, and the impact of this already is being felt throughout the industry."

"The rescheduling of recent contracts due to COVID-19 has resulted in much of our activity being postponed to 2023. Regrettably, our company cannot sustain these significant business impacts, and we are now in the unfortunate position of making major structural adjustments to Safran Seats worldwide."

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?

AM I NEXT? NO LOVE AT GE AVIATION

Evendale, Ohio-based GE Aviation, manufacturer of aircraft engines and components, is responding to the worldwide COVID-19 pandemic and airline travel restrictions by announcing a reduction in force of approximately 13,000 jobs worldwide using both voluntary and involuntary layoffs.

According to a statement issued by the company...

"The deep contraction of commercial aviation is unprecedented, affecting every customer worldwide. Global traffic is expected to be down approximately 80% in the second quarter when compared to the start of the pandemic’s effect in China in early February. Our aircraft manufacturers have announced reduced production schedules that will extend into 2021 and beyond reacting to the projected prolonged recovery."

"To protect our business, we have responded with difficult cost-cutting actions over the last two months. Unfortunately, more is required as we scale the business to the realities of our commercial market."

"We are developing our plan for permanent reductions to our global employee base that we anticipate will bring our total reductions this year to as much as 25% (including both voluntary and involuntary actions already announced).”

"These plans, which we expect will be ready over the coming months, are part of a comprehensive strategy we are developing for resizing the business consistent with the forecast of our commercial market. While extremely difficult, I am confident this is the required response to the continued contraction of the industry and its protracted recovery. I am equally confident that the industry will recover over time and that we will be positioned to win."

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?