UPDATE: Heli-One lay-offs due to decling demand

Andrew
Andrew Robinson
Send to a friend

Send this article to a friend.

The lay-offs at Heli-One Composites in Gander are the result of clients placing fewer orders for parts and a rapid plunge in the demand for helicopters, said company president Troy Freeborn.
Heli-One - former CHC Composites - announced yesterday it will lay-off 120 employees as it grapples with the faltering economy.
Most of the remaining employees at the Gander location, approximately 40, will stay on through a work-share arrangement, working four days a week and receiving Employment Insurance for the fifth.
Lay-offs began Wednesday.
Freeborn said some employees on leave have yet to be notified.
If the economy rebounds, he said he hopes the company will be able to rehire employees, but he expressed concerns about whether a skilled workforce can wait things out in Gander.
Heli-One Composites manufactures parts for helicopters, including the CHC Sikorsky.

Organizations: CHC Composites, Employment Insurance

Geographic location: Gander

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments

Recent comments

  • Donny
    July 02, 2010 - 13:30

    Come on people stop your crying. People lose their jobs every day. Get over it. Load up your car and go east. There are plenty of help wanted signs in St. John's. Everybody can flip burgers or serve coffee so there's no experience required.

  • Donny
    July 01, 2010 - 20:17

    Come on people stop your crying. People lose their jobs every day. Get over it. Load up your car and go east. There are plenty of help wanted signs in St. John's. Everybody can flip burgers or serve coffee so there's no experience required.