LITTLE ROCK, Ark. - Dassault Falcon Jet is laying off 6 percent of its workforce, according to a company statement issued on Friday.
“The current business aviation market conditions remain challenging throughout our entire industry,” said John Rosanvallon, President and CEO of Dassault Falcon Jet. “This is caused by worldwide economic and political uncertainty combined with a prolonged imbalance between supply and demand for new aircraft as well as a large inventory of pre-owned aircraft competing with new sales. In this very challenging environment, Dassault has made adjustments to the Falcon production schedule that make it necessary to reduce the number of employees."
There's no further word on the exact number of employees who are losing their jobs.
The company says the layoffs follow an adaptation plan previously implemented at the Little Rock Completion Center which included an early-out program, a reduction in the number of contractors and an offload management program that has returned certain manufacturing previously subcontracted.
"Despite this challenging business environment, our parent company, Dassault Aviation, and our Company remain financially strong, a leader in our industry, and committed to the success of the Falcon program worldwide, including the large and important North and South American markets," stated a memo sent to employees on Friday about the layoffs. "Dassault Aviation's successful and diversified civil and military program, particularly its recent export sales of Rafales, enable it and the Company to continue to invest in their employees and products," the memo continued.
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