With the Tariffs on Aluminum increasing, Gulfstream is struggling to make a profit on every aircraft it builds. Other aircraft manufactures have already started building their aircraft out of composites, like Honda jet and Boeing’s Dream liner. Also, China’s Tariffs on large business jet has crippled the market for Gulfstream, destroying it projected revenue. Forcing Gulfstream to scramble, to cut costs and lean out.
Collins Aerospace has been in the market to collect other aircraft manufactures. There recent acquisition of UTC, leave Collins aerospace hungry to own an Aircraft manufacture like Gulfstream. Collins smells the blood in the water and is circling it’s pray.
Gulfstream is leaning out by laying off personal full time and temporary employees, also cutting any support for pension after 2020. To appear to Collins aerospace that they are more profitable than they really are.
7 replies (most recent on top)
Regarding the pension, that was completely stopped in April.
Lies Collins could not afford the company. Plus the company is going to reinvested the money into business airships.
Fake news this is so fake.
Trust me I know fake news this is so fake.
See this article it tells it all
https://finance.yahoo.com/news/fastest-speeds-available-collins-aerospace-070000661.html
Talks about closing the cafeterias in another post.....makes sense.
Yeah and the food it garbage..
Last week i head that the Sodexo sites were closing Gulfstream wide, because Gulfstream has to reimburse Sodexo if they do not make a profit.