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1100 Jobs axed at SR Technics.

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    #32
    faceman
    Moderators, Category Moderators, Arts Moderators, Entertainment Moderators, Social & Fun Moderators Posts: 16,587 CMod ✭✭✭✭faceman


    Celtic Mech wrote: »
    It has been found out, as a Fact, that SRT Dublin has actually NOT posted a loss in the previous 4 consequetive years. In fact last year they were up 2.5 million euro.!!

    Source?


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    #33
    Celtic Mech
    Registered Users Posts: 246 ✭✭Celtic Mech


    faceman wrote: »
    Source?

    This has been found from Unions, investigating the whole situation. If i can find a link to a publication i will do when avail. I do believe, that SRT DUB has had a fast one pulled on them! SRT bought over from FLS Aerospace. Slowly, a lot of the contracts have been moved from DUB to the Swiss, leaving contracts were money was hard to make in DUB.


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    #34
    faceman
    Moderators, Category Moderators, Arts Moderators, Entertainment Moderators, Social & Fun Moderators Posts: 16,587 CMod ✭✭✭✭faceman


    Celtic Mech wrote: »
    This has been found from Unions, investigating the whole situation. If i can find a link to a publication i will do when avail. I do believe, that SRT DUB has had a fast one pulled on them! SRT bought over from FLS Aerospace. Slowly, a lot of the contracts have been moved from DUB to the Swiss, leaving contracts were money was hard to make in DUB.

    Their financials are public available, Im curious to what the unions therefore know. A link would be helpful if you find it.


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    #35
    Celtic Mech
    Registered Users Posts: 246 ✭✭Celtic Mech


    faceman wrote: »
    Their financials are public available, Im curious to what the unions therefore know. A link would be helpful if you find it.

    Just had a flick on their website. Their report for 2004 is the last one avail...the link to the 2006 report is broken. The 2004 report, along with the others, i presume, just gives the results as a whole...ie. SR technics holdings..i.e. covering everything and doesnt give a break down in their public report. Strange tho they havent put anything after 2005 on their site, maybe its a glitch.


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    #36
    faceman
    Moderators, Category Moderators, Arts Moderators, Entertainment Moderators, Social & Fun Moderators Posts: 16,587 CMod ✭✭✭✭faceman


    Celtic Mech wrote: »
    Just had a flick on their website. Their report for 2004 is the last one avail...the link to the 2006 report is broken. The 2004 report, along with the others, i presume, just gives the results as a whole...ie. SR technics holdings..i.e. covering everything and doesnt give a break down in their public report. Strange tho they havent put anything after 2005 on their site, maybe its a glitch.

    Ill download their credit report on Monday out of curiousity.


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    #37
    Dub in Louth
    Registered Users Posts: 98 ✭✭Dub in Louth


    Hi all,

    i have just come across this post. I work for SRT and was out on the streets of Dublin yesterday marching against my job loss. I am one of the so called 'White-Collar' office workers. Some posters, and alot of maintenance workers in SRT think that us office workers sit playing solitaire and surfing the net. As diverdriver says, there is alot of paperwork involved in Aircraft Maintenance. Saying this SRT Dublin has needed a cull of support staff in recent years, primarily in middle management.

    To say that office staff have got away with cutbacks is nonsense. It the cutbacks 4-5 years ago, my office had its staff cut in half. I started in FLS 10 years ago in an office that had 10 staff plus a manager. Today there is 3 of us doing the same job, and we get busier by the day.

    Since the announcement was made 10 days ago by the Swiss management, it has been very hard to get details in regards to financing and the such. We were briefed in January to say that we had made a profit for 2008 and that our sales team had secured contracts for the next two years of maintenance.

    SRT came in, stripped us down, gave us the impossible task of making money from customers such as Gulf Air (aging, corroded 767's) and dumped us without an attempt to salvage any of the jobs.

    Rant over....Thanks for listening


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    #38
    FOGOFUNK
    Closed Accounts Posts: 332 ✭✭FOGOFUNK


    Thanks for that Dub in louth.

    Hopefully we'll get some news on our future this week.


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    #39
    diverdriver
    Closed Accounts Posts: 987 ✭✭✭diverdriver


    Just as Dub in Louth says, it's nonsense to think 'white collar workers' in aviation surf the net all day. In my previous job I started with one task and ended up fourteen years later with four or five separate jobs, all conflicting. Overstaffed we were not. It wasn't the civil service that's for sure.

    As for whether or not SRT was making money. It's not relevant. Big companies like that often rationalise and that can mean closing profitable companies. They decided to close it and that's it. That's the nature of the international aviation business. They are not interested in the disastrous effect it has on Dublin or Ireland.

    That isn't to say someone won't step in and buy. I doubt it somehow. This is the wrong time to be getting into MROs. Particularly in high cost countries like Ireland.

    Wish you luck in finding a job, Dub in Louth. When I was made redundant from a maintenance planning job in an airline. I couldn't get back into aviation and that was when things were good. I also couldn't get another other office job because my background was too specialised. Catch 22. It would be easier for the mechanics. The skills can be transferable.


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    #40
    ScabbyLeg
    Registered Users Posts: 219 ✭✭ScabbyLeg


    There seems to be a lot of talk about the high cost of doing business in Ireland a large factor in the closure of SRT in Dublin - can this really be the case, when you assume that a lot of work will get sent to Zurich, where the cost base must be higher again than in Dublin?


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