Tue, May 05, 2020
Aero-News: Quote of the Day
ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.
Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.
Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.
Let us hear from you, folks!
Aero-News Quote of the Day
"The coronavirus crisis has impacted Gulfstream’s business operations. Because of these ongoing challenges, we have decreased our projected deliveries for 2020. We also implemented several cost-cutting measures across the business to address the challenges caused by this pandemic. Unfortunately, those measures alone were not sufficient to overcome this significant impact, requiring us to take additional steps to balance the size and structure of the business with current conditions. As a result, we recently made the difficult decision to reduce our workforce at multiple locations across our company. These are challenging and unprecedented times that require us to make difficult decisions to ensure the long-term health of the business. We sincerely regret the impact these actions will have on our colleagues and their families. Depending on individual eligibility criteria, those colleagues affected may receive benefits that include severance and benefits extensions."
Source: From a statement furnished by Gulfstream, following the announced layoffs of nearly 700 employees.
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