IN a statement Lufthansa Technik Shannon Ltd (LTSL) have acknowledged that its sale to Atlantic Aviation Group will result in job lossess.
“The acquisition of LTSL by Atlantic Aviation Group will secure approximately 300 jobs. While the final numbers are still approximate, it is proposed that over 300 roles will be secured at LTSL, while approximately 180 roles are at risk of redundancy. The consultation process around the proposed redundancies will commence over the coming weeks,” it said.
Pat Shine, CEO and MD of Lufthansa Technik Shannon Ltd. (LTSL) said: “The severe impact of the Covid-19 pandemic led to an extensive strategic review of the business to determine its future. Every option was explored, the priority being to protect the maximum number of jobs and the specialist experience of the LTSL workforce. The sale of LTSL to AAG, a company that understands our business and has a strategy for growth through acquisition, presented itself as the most viable solution to minimise job losses.
“This is a really difficult day for our colleagues in LTSL, many of whom have worked for the company for more than 15 years. LTSL has always had an excellent reputation and is known as a centre of excellence for training and aircraft maintenance provision. Our people are the reason for this reputation and I wish to thank all the LTSL staff for their commitment, professionalism and battling spirit that have helped us to keep going over the last thirty years. We will need this to be continued by those who remain to sustain the legacy we have created in the Mid-West region,” he added.
The redundancies will be in production, administration & support and management.
Clare TD Michael McNamara said “Today’s announcement is undoubtedly very positive news for AAG but the full impact of the acquisition on all 480 full-time employees and future operations at Lufthansa Technik Shannon Ltd. has yet to be outlined. I will be seeking more clarity on the issue from representatives of AAG and Lufthansa Technik Shannon Ltd. when I attend a briefing hosted by the companies tomorrow morning.”
He said that workers have been very flexible, in looking to help the company cope with the pandemic. “This included staff staggering work shifts with staff taking paid leave by availing of days built up over the years.”
The independent TD said that providing a full picture for workers is essential. “While the majority of contract staff were released in the last year, particularly at the beginning of the pandemic, management at the company has continued to engage with worker’s representatives from SIPTU. Following on from today’s announcement, it is important now that clarity is provided on all full-time positions at the company.”
Owen Ryan has been a journalist with the Clare Champion since 2007, having previously worked with a number of other publications in Limerick, Cork and Galway. His first book will be published in December 2024.