The PWA International application was accepted by the EU authorities despite its modest scale as an exceptional circumstance in the context of the previous mass redundancies at S R Technics and Lufthansa Technik Airmotive Ireland
. These companies, too, operated in the aviation maintenance, repair and overhaul sector and the closure of their plants in 2009 and 2014 respectively saw a loss of some 1,500 jobs, many of them highly skilled in the Dublin and eastern region.
All 465 staff employed at Lufthansa Technik Airmotive Ireland
in Rathcoole, Dublin, were put on protective notice.
Lufthansa Technik Switzerland was closed owing to a collapse in demand, and the closing of Lufthansa Technik Airmotive Ireland
in Dublin was initiated at the end of the year owing to strongly declining revenues and inadequate market opportunities.
Lufthansa Technik Airmotive Ireland
held an emergency management meeting at its facility in Rathcoole, Dublin, yesterday morning.
Dublin, Lufthansa Technik Airmotive Ireland
Lufthansa Technik, the wholly owned subsidiary of Deutsche Lufthansa (Lufthansa Group), has started discussions with Cloud Investment Partners, the US-based aviation turnaround experts, on the prospective selling of its Dublin International aircraft-engine MRO facility, Lufthansa Technik Airmotive Ireland
(LTAI), according to reports.