A Shannon based aviation company is to reduce its workforce by over 20 percent.
The Clare Echo has learned that an approximate 50 employees are to be let go from Lufthansa Technik Turbine Shannon (LTTS) from September. An additional 20 plus contractors are also expected to conclude their service with the company as a result.
It will follow a thirty day consultation process that commenced at the beginning of August between the company and employee representatives.
LTTS specialise in the repair of components for both high pressure and low pressure turbines for CFMI and GE aircraft engines. Originally founded in 1992, today it employs a staff of 220 and has some 8,000 square meters of floor space available at its Shannon site in the World Aviation Park.
All job losses are directly as a result of COVID-19 which has had a devastating impact on the aviation industry. A spokesperson for the company told The Clare Echo, “Lufthansa Technik and its subsidiaries are in the deepest crisis of their history, caused by the impact of the corona crisis on the international aviation business. This development also affects Lufthansa Technik Turbine Shannon (LTTS).
“The economic existence of the company is seriously threatened. Since the measures taken so far have not been sufficient to ensure the company’s survival in the long term, further measures that were unthinkable until recently, such as possible staff cuts, must now be considered”. The spokesperson confirmed that approximately 50 employees would be impacted as a result.