ST Engineering’s aerospace arm ST Aerospace said it has embarked on a restructuring programme involving the Scandinavian operations of its wholly-owned subsidiary, ST Aerospace Solutions (Europe) A/S.
ST Aerospace Solutions will streamline the use and workflow of its three facilities in Copenhagen, Denmark; Oslo, Norway as well as Stockholm, Sweden.
As part of this restructuring exercise, about 300 employees across functions could be affected. The exercise will start immediately, and is expected to be completed by the third quarter of 2013.
ST Engineering said the restructuring is necessary given the continued challenging aviation landscape in Europe marked by weak domestic travel and cargo demand in the region.
Labels: ST Engineering
lorong2tp
How much have they lost so far? Anybody have an idea?
2012-09-08 11:13