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19. června 2013 v 4:44
SWISSAIR TROUBLES HIT AREA SR TECHNICS PALMDALE INC

68,842), Los Angeles co., S Calif., in the irrigated Antelope Valley; a growing residential suburb of Los Angeles Panerai Radiomir Watches near Little Rock Creek where it forms Lake Palmdale Reservoir, inc. 1962. Palmdale announced the layoffs of 50 workers, the third set of layoffs since November November: see month. as the company continues its hunt for new investors.

As the company reels from a general aviation slump Slump

A temporary fall in performance, often describing consistently falling security prices for several weeks or months. , the events of Sept. 11 and problems from the failed expansion of a Swiss sister corporation, SR Technic cut its work force to 350 workers.

``We continue to take steps to take action; to move in a matter.

See also: Step to conserve our resources to enable our company to operate as long as possible,'' said Alex Kugler, chief executive officer and president of the company.

Friday's job cuts come on the heels of a 70-worker cut in December and a 75-worker cut in November.

The layoffs are the result of a complicated situation regarding the efforts to keep Swissair, the flagship company of SAirGroup, in operatioSwissair was suffering from a failed expansion strategy even before the Sept. 11 terrorist attacks that have severely affected the airline industry.

The Swiss swiss replica watches government stepped in with subsidies to keep the airline going, but three subsidiaries of SAirGroup were left to find investors on their own to keep their operations going. One of those was SR Technics operations in Switzerland.

SR Technics Palmdale is an independent company from its Swiss counterparts. However, the SR Technics America business plan called for them to receive funding from the Swiss SR Technics for four years.

``The state of the airline industry in 2001 forced SR Technics Palmdale Inc.'s parent company, SAirGroup to seek protection from its creditors in November 2001,'' the company said in the statement announcing the latest job cuts. ``The result was the inability to continue to fund global projects.''

In a previous statement, the company said it is losing more money in its initial stage than expected and that market conditions indicate there is no hope that the company could make a profit ``within appropriate time.''

The decision to establish SR Technics in Palmdale had been announced by Gov. Gray Davis in December 1999 and was heralded as a great day for economic development in California California (k most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). .

SR Technics received its first airplane airplane, aeroplane, or aircraft, heavier-than-air vehicle, mechanically driven and fitted with fixed wings that support it in flight through the dynamic action of the air. to modify in Palmdale in August 2000 and had grown to close to 600 workers before the November cuts.

SR Technics Palmdale officials, prior to the current financial and industrial woes, had anticipated a gradual and sustained growth, eventually reaching as many as 6,000 workers.

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