GippsAero has announced it will restructure its business in a move that includes furloughing 40 personnel.
In a curiously-worded news release from the Mahindra Aerospace-owned company, GippsAero said it was taking the decision to reduce the number of employees to “take full advantage of the exciting opportunities which face the general aviation industry.”
Meanwhile the company said it will “sharpen its focus on sales and support of its core product, the GA8 Airvan, while also preparing to launch the GA10 turboprop”. It will also continue to evaluate the GA18.
“This restructuring will continue to emphasise strong brand values and the growth of an international sales network, but will add a new focus on right sizing production capacity and strengthening product support and delivery of aircraft to international markets The restructuring plan will involve cost reductions through the consolidation of working groups and will create a stronger unified organisation.”
GippsAero said it has offered affected employees voluntary retirement “to reduce overall redundancies and will follow a strict process of identifying the correct manpower required going forward.”