More than 500 jobs are reportedly at risk at Shannon’s Lufthansa Technik base.
The company has confirmed to Clare FM that it’s carrying out a strategic review of its operations following what they say is the “devastating” impact of the pandemic.
The Sunday Business Post reports this review could see the company being sold or closed down.
In a statement, the company says they are looking at “what changes, if any, need to be implemented” to allow them to navigate what they describe as “one of the most difficult periods” in their history.
Shannon Lufthansa Technik CEO Patrick Shine met with Finance Minister Paschal Donohoe earlier this year to discuss potential government assistance for the business.
Lufthansa Technik Statement
Lufthansa Technik Shannon Ltd. can confirm that it is undergoing a strategic review of the company, following the impact of the Pandemic on its operations.
COVID-19 has had a devastating impact on the aviation industry and the effects on our business will be felt long beyond 2021. We are therefore looking at what changes, if any, need to be implemented to allow us to navigate one of the most difficult periods in our trading history.
Like many other companies, we have had meetings with public representatives on a number of occasions over the past year in relation to the extension of COVID-19 supports such as the TWSS and rates waivers.