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Heroux-Devtek Inc Announces Temporary Layoffs - Reduction In Repair And Overhaul Activities For United States Air Force


Monday, 4 Nov 2013 11:38am EST 

Heroux-Devtek Inc announced the temporary layoff of approximately 40 employees at its Longueuil facility due to a slowdown in landing gear repair and overhaul activities for the United States Air Force (USAF). The combined effect of reduced base defense budget funding, the continued sequestration situation and the recent U.S. government shutdown last October negatively impacted the USAF available budget for various programs. Héroux-Devtek remains in close contact with this client. The Corporation is sincerely regretful for the affected employees, and although these reductions are unpredictable and beyond its control, it will inform them as soon as the USAF provides an updated plan for its various programs. 

Company Quote

11.54
-0.06 -0.52%
24 Dec 2014