Aveos Shut Down
March 21, 2012 by staff
Aveos Shut Down, Aveos Fleet Performance is liquidating its Canadian aircraft maintenance business, putting virtually all of the company’s 2,600 employees across the country out of work.
The Montreal-based private company said Tuesday that it would immediately cease all operations after getting permission for the move in Quebec Superior Court.
The company let go its remaining 1,300 employees after 1,175 workers were put out of a job on Sunday when Aveos decided to close its airframe repair business.
About 160 employees will remain to oversee the liquidation process.
“The company had no viable option but to cease operations,” said chairman Eugene Davis.
“We deeply regret the job losses and the impact this decision has on our employees in Canada and extend our sincere gratitude to them for their dedication and service over the years.”
Neither company nor union officials could provide details regarding the employees access to severance payments or the impact on their pensions.
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