Swiss airframer Pilatus Aircraft will cut workers’ hours and scale back on production of its big single-engine turboprop, the PC-12NG. The cutback in hours will affect 350 employees (15 percent of the work force), but no layoffs are expected. Cancellations of orders for PC-12s are responsible for the decision, along with a reduction in orders for the company’s military training aircraft. CEO Oscar Schwenk said he expects the downturn to be temporary and hopes for a rebound in the market next year, followed by growth in 2011.
Pilatus Rounds Out This Week’s Bad News Brigade
Key Takeaways:
- Pilatus Aircraft is reducing production of its PC-12NG and cutting working hours for 350 employees (15% of its workforce) due to order cancellations.
- The decision was driven by reduced orders for both the PC-12 and military training aircraft, though no layoffs are expected.
- The company's CEO anticipates this downturn to be temporary, hoping for a market rebound next year and growth by 2011.
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