SR Technics Group is to close its operation at Dublin Airport and is about to enter a consultation process with the trade unions representing the 1,135 employees at the facility.
The company says the recent loss of major contracts from primary load customers in Dublin, the current business and economic forecasts, as well as the high cost base of the operation, mean it will not be able to fill the resulting capacity gaps with sustainable business in the medium-term.
SR Technics reports that it has been carrying out an in-depth review and assessment of all lines of business across the entire Group, including an evaluation of their financial, operational and strategic impact. As a result of this review, the decision was made to close its operation at Dublin Airport.
Against the backdrop of adverse market conditions for the aviation industry and the global economic downturn, SR Technics is now restructuring its business to secure a long-term future and to deliver the necessary efficiencies and improved productivity throughout the Group.
Line maintenance operations carried out by SR Technics at Dublin Airport will continue as normal but it is intended that these activities will transfer to another provider at some time in the future.
The intention to close the facility at Dublin Airport will have no impact on SR Technics’ other operations throughout the Group, including its facility in Cork.
SR Technics will now enter into formal consultation with the trade unions representing employees at the facility, which will take place over the statutory minimum 30-day period in parallel with detailed discussions with the Irish Aviation Authorities, customers, suppliers and other relevant parties.
Bernd Kessler, CEO SR Technics, commented, “We are announcing this deeply regrettable and difficult step only after an exhaustive evaluation of all strategic options for our Group wide operations. We are fully aware of the difficult economic and labour market situation in Ireland and the personal implications of a closure for our staff in Dublin. My management team will be working closely with the relevant unions over the coming weeks and we will ensure that our Dublin employees are fully informed and supported as this process develops. We will do all we can to minimise the impact of this announcement on the workforce.”
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