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Deutsche Lufthansa AG's Lufthansa Technik Airmotive Ireland Considers Closing Down - Reuters


Friday, 15 Nov 2013 09:38am EST 

Reuters reported that Lufthansa Technik Airmotive Ireland (LTAI), a unit of German airline Deutsche Lufthansa AG, is considering closing down, Lufthansa's maintenance division said on November 15, 2013. LTAI - a jet engine overhaul facility in Rathcoole with 400 employees - will begin immediate negotiations with three trade unions and employee representatives, it said in a statement. The decision follows a review of operations at LTAI, in the context of declining revenues and shrinking international market opportunities, it said. 

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