Signs of the Times -- OMF Undergoes Layoffs | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 06.18.18

Airborne-UnManned 06.19.18

Airborne 06.20.18

AMA Drone Report 06.21.18

Airborne 06.22.18

Airborne-YouTube

Airborne 06.18.18

Airborne-UnManned 06.19.18

Airborne 06.20.18

AMA Drone Report 06.21.18

Airborne 06.22.18

Wed, Dec 03, 2003

Signs of the Times -- OMF Undergoes Layoffs

Promising Company Hits Snags

One of the most promising aircraft in the two seat GA market is having some teething pains in getting it's North American production nailed down. OMF has confirmed that they have undertaken a series of temporary layoffs designed to bridge a gap in capital availability.

OMF has been quick to respond to ANN inquiries, and unusually upfront (for this industry) about what can only be considered some disappointing issues. Statements from OMF explain the situation, "OMF GmbH (the German parent company) is experiencing financial challenges. The new North American company, OMF Aircraft, is also experiencing challenges as it starts up its operations."

Layoffs in late November, from the Quebec manufacturing facility, has resulted in staffing reductions of fifteen people... leaving eight folks to continue operations. Major issues involved in the layoff decision include interruptions on the flow of parts to OMF, delays in cash receipts under current funding agreements, and the usual problems involved in bringing new GA aircraft to full production.

Laid-off employees may be recalled fairly shortly--depending on when funding shortages are resolved. The company is "hopeful that a solution is at close at hand." Once the resolution is in place, OMF believes it can resume normal operations within a period of eight weeks.

The current layoffs affect production staffers. The management team and the company's product support personnel remain in place, where their primary focus is to resolve the financial situation and support their clientele, while also continuing to establish the North American parts supplier base.

Unfortunately; the result of this is that production will be interrupted for a while... and at a time when sales were showing some perceptible improvement for the agile high-wing side-by-sider. Product support for the existing fleet remains "a top priority."

OMF staffers are quick to note that the difficulties that they are experiencing is not any indication of a lack of faith in their North American manufacturing plans, and that a North American presence will ultimately allow them to be "much more responsive to our customers, as well as allowing us to supply our products more cost effectively."

Development of the Symphony 135D diesel powered two-seater and the four-place Symphony 250 remain uninterrupted. More info to follow...

FMI: www.omf-aircraft.com

Advertisement

More News

AMA Drone Report 06.21.18: NC Drone Summit, AMA v Raleigh Regs, Yuneec Typhoon H

Also: ERAU UAS Program, UK Drone Rescue, ANN/AMA Oshkosh Coverage, Fat Shark 101 The North Carolina Department of Transportation is planning a Drone Summit and Flight Expo for Augu>[...]

Airborne-Unmanned 06.19.18: Mexican UAV Fights Crime, Spokane Drones, Ikhana!

Also: K2 & Robotic Skies, Autonomous Aerial Vehicles Competition, K State Grad Cert, Commercial Drones at JFK A drone operated by authorities in Ensenada, Mexico, led to a sign>[...]

ANNouncement: Now Accepting Applications For Oshkosh 2018 Stringers!!!

An Amazing Experience Awaits The Chosen Few... E-I-C Note: There's very little we can say yet, but there is a reason why this may be THE year to throw in with ANN to cover the extr>[...]

It's On--Again! EAA/ANN Announce 2018 AirVenture Innovation Preview!

Stunningly Successful Innovation Program Draws Hundreds of Thousands of Eyeballs to ‘All Things AirVenture’ E-I-C Note: We're tremendously excited to work with EAA agai>[...]

Aero-News AirVenture Update: This Is So Cool! #OSH18COOL

We Need YOUR Help To Find AND Celebrate The Coolest Stuff At EAA AirVenture 2018, #OSH18COOL Stuff that’s new is cool… we get it… that’s why we’re b>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC