Nearly 700 Employees Affected In This Latest Round

While the talk of a recovery is starting to be more prevalent, there is still more than a little bad news to impart in the Aero-Verse.

Gulfstream Aerospace has just confirmed that 700 employees are affected by a new round of layoffs to the Savannah location, and elsewhere around the globe. This is in addition to the October 15th layoff of some 362 employees.

As required by law, Gulfstream dutifully reported the issue to the Georgia Department of Labor on May 1st, blaming the action on the economic downturn.

The letter sent to the state notes that, “We are experiencing a direct impact as a result of COVID-19 as a global business in our operations as well as through suppliers, including the significant impact of a government ordered temporary closure of a key manufacturing location...” and added that, "These sudden and unexpected circumstances adversely affected our business operations and prevented us from providing notice sooner."

A Gulfstream statement, made Monday, reported that, "The coronavirus crisis has impacted Gulfstream’s business operations. Because of these ongoing challenges, we have decreased our projected deliveries for 2020. We also implemented several cost-cutting measures across the business to address the challenges caused by this pandemic.

Unfortunately, those measures alone were not sufficient to overcome this significant impact, requiring us to take additional steps to balance the size and structure of the business with current conditions. As a result, we recently made the difficult decision to reduce our workforce at multiple locations across our company.

These are challenging and unprecedented times that require us to make difficult decisions to ensure the long-term health of the business. We sincerely regret the impact these actions will have on our colleagues and their families. Depending on individual eligibility criteria, those colleagues affected may receive benefits that include severance and benefits extensions."

FMI: www.gulfstream.com