Triumph has announced furloughs for approximately 2,300 employees across its plants in the US and Europe for two to four weeks to reduce capacity associated with Boeing Commercial Aircraft programs. It may be recalled that Boeing has extended closure of its Washington state factories indefinitely, and closed its Charleston, South Carolina plant until further notice.
In addition to the announced 500-person reduction in force as part of its austerity measures, Triumph will eliminate approximately 200 full-time positions due to decreased demand. The company will pay severance to impacted employees consistent with existing policies. These reductions are expected to be completed by May 1. The company will also adjust its supply chain demand consistent with updated OEM production and aftermarket forecasts.
According to the company, further workforce adjustments may be required based on site closures or changes in demand for its products and services.
Although the situation remains fluid, all but two of Triumph’s factories are operational. The company’s two facilities in Mexico (Zacatecas and Mexicali), which employ approximately 1,900 individuals, are complying with a government mandate for 30-day closure of non-essential operations effective March 31, 2020.
With more than 25 years of experience in defence publishing, Global Business Press and its industry leading titles Asian Defence Technology, Asian Airlines & Aerospace and Daily News are the leading defence publications in the region, present at more international shows and exhibitions than any other competing publication in the region.