Diamond Aircraft announced on Monday (Feb. 25) it was laying off “the majority” of its local workforce.
Diamond Aircraft Industries Inc. (Canada), along with D-Jet Corporation, announced the restructuring of the company’s London-based operation based on “low piston aircraft sales, especially in the North American market.”
In addition, a company media released sited the “significant burden of its cost intensive D-Jet program” as further explanation for the layoffs. The notices are described as “temporary,” pending the implementation of a company restructuring plan.
“We want to hire back as many employees as possible, as quickly as possible, but the exact number and timing will be determined as we develop our restructuring plans in the coming weeks,” said Peter Maurer, company president and CEO, in the media release.
It is estimated the layoffs affect some 200 employees in London. However the restructuring plan does not impact the Austrian-based, independently owned and operated Diamond Aircraft Industries GmbH.
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