SR Technics Ireland
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SR Technics Ireland
SR TEchnics Ireland are to close with the loss of 1135 jobs under company proposals the entire work force is to become redundant.
This because the Swiss head office want ot protect there jobs SRT was taken over 2 yrs ago by Mubudala Enterprises the Gulf Monery was put into Zurich with the German Gols fro WW2
Nothing new about the Swiss self protection they are afraid of the compition fron Dublin if it were to reopen again under new management.
This because the Swiss head office want ot protect there jobs SRT was taken over 2 yrs ago by Mubudala Enterprises the Gulf Monery was put into Zurich with the German Gols fro WW2
Nothing new about the Swiss self protection they are afraid of the compition fron Dublin if it were to reopen again under new management.
And nothing to do with the fact that costs at the operation have been too high since it's inception as TEAM Aer Lingus
http://www.eurofound.europa.eu/eiro/1998/08/feature/ie9808155f.htm
All of which was just a by product of endemic problem here in Ireland over the last decade or so; we believed our own "Celtic Tiger Miracle" hype and paid ourselves way too much, resulting in a lack of competitiveness. All fine and dandy while the world markets for everything continue to grow, but marks you out for culling when things change.
Perhaps, Greed and a very strong union wasn't quite so good after all.
JAS
http://www.eurofound.europa.eu/eiro/1998/08/feature/ie9808155f.htm
All of which was just a by product of endemic problem here in Ireland over the last decade or so; we believed our own "Celtic Tiger Miracle" hype and paid ourselves way too much, resulting in a lack of competitiveness. All fine and dandy while the world markets for everything continue to grow, but marks you out for culling when things change.
Perhaps, Greed and a very strong union wasn't quite so good after all.
JAS
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The 'Celtic Tiger' grew on the fact that, 10-15 years ago Ireland, like Spain, were low cost economies in terms of labour costs. Alas no more and despite generous fiscal allowances, industries can't foot the salaries any longer. It must be one of the highest cost-of-living countries in Europe now. That is, of course, of no consolation to the SR workforce, who find themselves priced out of work.
That is, of course, of no consolation to the SR workforce, who find themselves priced out of work.
It's about balance and understanding competition. You can't be the most expensive worker, producer or supplier of anything and expect to remain in receipt of business and resultant cash from others, regardless of quality or what you might think of yourself or your desired lifestyle.
That said, responsibility rests with management to control costs. They should have pushed harder on costs.
JAS
"Given that labour costs are a significant cost (and possibly the only variable) in aircraft maintenance, pushing for higher and higher wages will result in pricing yourself out of work, out of the market and into oblivion and redundancy."
Tell that to the Unions... and the Politicians that opted the take the joy ride...
IRL now heading back to where its started in the '70's, without the agriculture...
Europe has long despaired of IRL's political class, "mediocre intellect" all coming home to roost now, as long as Gombeens are elected then the cycle will continue. Can't see it changing TBH...
With greatest sympathies to those who are being made redundant.
Tell that to the Unions... and the Politicians that opted the take the joy ride...
IRL now heading back to where its started in the '70's, without the agriculture...
Europe has long despaired of IRL's political class, "mediocre intellect" all coming home to roost now, as long as Gombeens are elected then the cycle will continue. Can't see it changing TBH...
With greatest sympathies to those who are being made redundant.
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You can't be the most expensive worker, producer or supplier of anything and expect to remain in receipt of business
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Death Of An Industry...
Whatever way you look at this we are losing a lot of really skilled workers . The goverment could step in and tell Aer Lingus to get their planes back to Dublin as Ireland needs the work, just look at the way the french operate?
Im sure Mr O'Leary would be delighted to take the 25% stake of them if Aer Lingus refused. Either way it will be the end of the industry in Ireland if SR goes, the last of a generation as there will be no-one else to train avionics, mechanics etc...
Im sure Mr O'Leary would be delighted to take the 25% stake of them if Aer Lingus refused. Either way it will be the end of the industry in Ireland if SR goes, the last of a generation as there will be no-one else to train avionics, mechanics etc...
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Here goes,
The place was top heavy, what do you expect.... How could they sustain the high salarys paid out to both high end and middle management. No sympathy for the hierarchy but feel for the skilled engineers that kept the place alive ,worked to exceptionally high standards, burst their balls and got the planes out on time .
There is also the issue of globilisation and competition amongst the low cost MRO providers of the middle east and beyond . Most of these facilities now have JAR and FAA approvals and have a much lower cost base.
Its a case of simple economics at the end of the day. Just take a look at the new Dubai aviation city and the billions that have been invested for the future.You will probably find that SR have a vested interest and we havent been told the real issues regarding the closure at DUB. How can you compete with the likes of that .
I would suggest contacting your union official ,after all you are paying their wages and keeping them in their lifestyles.
Its not what you can do for your union, its what your union can do for you .
My 2c, if its worth anything.....
The place was top heavy, what do you expect.... How could they sustain the high salarys paid out to both high end and middle management. No sympathy for the hierarchy but feel for the skilled engineers that kept the place alive ,worked to exceptionally high standards, burst their balls and got the planes out on time .
There is also the issue of globilisation and competition amongst the low cost MRO providers of the middle east and beyond . Most of these facilities now have JAR and FAA approvals and have a much lower cost base.
Its a case of simple economics at the end of the day. Just take a look at the new Dubai aviation city and the billions that have been invested for the future.You will probably find that SR have a vested interest and we havent been told the real issues regarding the closure at DUB. How can you compete with the likes of that .
I would suggest contacting your union official ,after all you are paying their wages and keeping them in their lifestyles.
Its not what you can do for your union, its what your union can do for you .
My 2c, if its worth anything.....
Last edited by The Deec; 19th Feb 2009 at 15:44.
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Cono,
you should be careful when commenting on something you seem to have litle understanding about........aviation maintenance in Ireland will not be finished for generations!!!!! Shannon Aerospace, Air Atlanta in Shannon, Air Motive, Shannon engine services, lots of leasing companies and component companies based in Ireland. SRT is a big provider but is not the only one. Some of the guys will get jobs in the above mentioned companies, never mind all the Irish airlines who do their own engineering! Third party providers also
!!!! Don't have such tunnel vision ,research will provide many options for all!!
you should be careful when commenting on something you seem to have litle understanding about........aviation maintenance in Ireland will not be finished for generations!!!!! Shannon Aerospace, Air Atlanta in Shannon, Air Motive, Shannon engine services, lots of leasing companies and component companies based in Ireland. SRT is a big provider but is not the only one. Some of the guys will get jobs in the above mentioned companies, never mind all the Irish airlines who do their own engineering! Third party providers also
!!!! Don't have such tunnel vision ,research will provide many options for all!!
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Well it seems to me that SR were the only company in Ireland that done wide body overhaul, so there's not much choice if they go? As for all 4 Irish Airlines, for some reason the two biggest ones send there planes out of Ireland for maintainence!
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Here's a recent extract from aviation week....
East Remains Attractive For MRO Deals
Jan 22, 2009
#content td div img { padding-right:10px; padding-bottom:2px}html.ie6 #content td div img { padding-right:10px; padding-bottom:0px; }div.storyContent p { margin-top: 2px; margin-bottom: 14px;}html.ie6 div.storyContent p { margin-top: 0px; margin-bottom: 10px;}#mainNav { margin-top:0px;}a { color: #224e9c; text-decoration: none;}a:hover { color: #224e9c; text-decoration: underline;}Robert Wall/Dubai [email protected]
[IMG]file:///C:/media/images/ca_images/Airlines/EmiratesA380-Airbus.jpg[/IMG] Many Middle Eastern air carriers are expected to suffer less during the current economic slow down, further increasing interest of maintenance, repair and overhaul vendors in the region.
But the environment is still a challenge, as customers become more discerning and competition more fierce.
"Growth in this region is still the biggest," says Walter Herdt, senior vice president for marketing and sales at Lufthansa Technik. Moreover, both for airliners and business jets the available operational support is lacking, Sheikh Ahmed bin Saeed Al-Maktoum, chairman of Emirates, told the first Aviation Week MRO Middle East conference. MRO spending in this region has shown the highest growth since 2003, and 2009 should represent around 5% of total spending in the sector, said David Stewart, a partner at consultancy AeroStrategy. Spending will be around $2.2 billion, he said.
Much of the continued growth is driven by low-fare carriers, which remain a relatively new phenomenon to the Middle East. The sector appears far from reaching market saturation. The downturn "is going to affect us, but it will be less severe" than for others, argues Mark Breen, chief operating officer of Sama, one of two Saudi Arabian low-fare carriers.
But pressures for airlines to more closely examine there costs also are rippling down to the region's MRO activities, where airlines are revising their approaches. For instance, Gulf Air has let lapse its MRO agreement with SRTechnics. Gulf Air management last year already signaled it was unhappy with the cost base of the deal. Unclear is what strategy the airline will pursue going forward, although a new outsourcing deal with ST Aerospace is seen as likely.
Sama also is shifting gears. Last week, it signed a large support contract with Lufthansa Technik to cover support of its growing fleet for the next seven years. Sama plans to field 35 aircraft in the foreseeable future, although the aircraft mix and timing isn't set. Herdt says the contract is written to provide the flexibility to adjust as Sama's plans crystallize.
Sama, with the help of Lufthansa Technik, also is bringing line maintenance in house. That represents somewhat of a reversal of the norm, with many low-fare carriers having bet on single-shop, outsourced support, to allow airline management to focus on day-to-day flight operations and revenue generation.
Additionally, Breen said in terms of heavy maintenance, the airline is going to be working with several vendors for a while to determine which offer the best services.
Other carriers in the region also now believe they may get a better financial proposition by more closely managing multiple contracts for maintenance services. Kuwait's low-fare carrier, Jazeera Airways, for instance, determined it wanted to have multiple contracts to avoid having too much riding on one contractual arrangement, says Abdulla H. Al-Hudaid, vice president of maintenance and engineering at the airline.
The airline plans to award a contract, soon, for line maintenance of its A320 fleet. The contract will go to Jazeera Technique, a unit that Al-Hudaid says will be entirely separate from the airline and not be a subsidiary, although there are larger group ties. The MRO operation will be established in partnership with a known service provider who has been identified, but Al-Hudaid didn't want to name.
There are more MRO deals in the offing in the region, too. Dubai low-fare startup FlyDubai is expected to sign for a major support deal in the coming months.
The local MRO base also is expanding. For instance, Abu Dhabi Aircraft Technologies in the next four years plans to add engine support to its skill set. The company, which grew out of Gulf Aircraft Maintenance Co. now generates 70% of revenue from third party work, says Ian Wolfe, chief commercial officer for the company. It also is building a three-hangar bay for A380s, at a cost of $115 million. But the maintenance provider has its capacity sold up to November, although Wolfe concedes market softness could take a toll and that up to 20% of capacity could be hit.
There are also concerns arising from the fact that the Middle East, as one of the stronger regions, is attracting a lot of industry interest. Christopher Dean, CEO of consultancy Team SAI says "the region is on the edge of overcapacity."
Even before the current downturn in business there was a risk of too many actors flooding the region, he says. With the Middle East slowing, while still remaining one of the few growth areas, the situation has become more severe. That could drive rates for support work down. Photo: Airbus
Jan 22, 2009
#content td div img { padding-right:10px; padding-bottom:2px}html.ie6 #content td div img { padding-right:10px; padding-bottom:0px; }div.storyContent p { margin-top: 2px; margin-bottom: 14px;}html.ie6 div.storyContent p { margin-top: 0px; margin-bottom: 10px;}#mainNav { margin-top:0px;}a { color: #224e9c; text-decoration: none;}a:hover { color: #224e9c; text-decoration: underline;}Robert Wall/Dubai [email protected]
[IMG]file:///C:/media/images/ca_images/Airlines/EmiratesA380-Airbus.jpg[/IMG] Many Middle Eastern air carriers are expected to suffer less during the current economic slow down, further increasing interest of maintenance, repair and overhaul vendors in the region.
But the environment is still a challenge, as customers become more discerning and competition more fierce.
"Growth in this region is still the biggest," says Walter Herdt, senior vice president for marketing and sales at Lufthansa Technik. Moreover, both for airliners and business jets the available operational support is lacking, Sheikh Ahmed bin Saeed Al-Maktoum, chairman of Emirates, told the first Aviation Week MRO Middle East conference. MRO spending in this region has shown the highest growth since 2003, and 2009 should represent around 5% of total spending in the sector, said David Stewart, a partner at consultancy AeroStrategy. Spending will be around $2.2 billion, he said.
Much of the continued growth is driven by low-fare carriers, which remain a relatively new phenomenon to the Middle East. The sector appears far from reaching market saturation. The downturn "is going to affect us, but it will be less severe" than for others, argues Mark Breen, chief operating officer of Sama, one of two Saudi Arabian low-fare carriers.
But pressures for airlines to more closely examine there costs also are rippling down to the region's MRO activities, where airlines are revising their approaches. For instance, Gulf Air has let lapse its MRO agreement with SRTechnics. Gulf Air management last year already signaled it was unhappy with the cost base of the deal. Unclear is what strategy the airline will pursue going forward, although a new outsourcing deal with ST Aerospace is seen as likely.
Sama also is shifting gears. Last week, it signed a large support contract with Lufthansa Technik to cover support of its growing fleet for the next seven years. Sama plans to field 35 aircraft in the foreseeable future, although the aircraft mix and timing isn't set. Herdt says the contract is written to provide the flexibility to adjust as Sama's plans crystallize.
Sama, with the help of Lufthansa Technik, also is bringing line maintenance in house. That represents somewhat of a reversal of the norm, with many low-fare carriers having bet on single-shop, outsourced support, to allow airline management to focus on day-to-day flight operations and revenue generation.
Additionally, Breen said in terms of heavy maintenance, the airline is going to be working with several vendors for a while to determine which offer the best services.
Other carriers in the region also now believe they may get a better financial proposition by more closely managing multiple contracts for maintenance services. Kuwait's low-fare carrier, Jazeera Airways, for instance, determined it wanted to have multiple contracts to avoid having too much riding on one contractual arrangement, says Abdulla H. Al-Hudaid, vice president of maintenance and engineering at the airline.
The airline plans to award a contract, soon, for line maintenance of its A320 fleet. The contract will go to Jazeera Technique, a unit that Al-Hudaid says will be entirely separate from the airline and not be a subsidiary, although there are larger group ties. The MRO operation will be established in partnership with a known service provider who has been identified, but Al-Hudaid didn't want to name.
There are more MRO deals in the offing in the region, too. Dubai low-fare startup FlyDubai is expected to sign for a major support deal in the coming months.
The local MRO base also is expanding. For instance, Abu Dhabi Aircraft Technologies in the next four years plans to add engine support to its skill set. The company, which grew out of Gulf Aircraft Maintenance Co. now generates 70% of revenue from third party work, says Ian Wolfe, chief commercial officer for the company. It also is building a three-hangar bay for A380s, at a cost of $115 million. But the maintenance provider has its capacity sold up to November, although Wolfe concedes market softness could take a toll and that up to 20% of capacity could be hit.
There are also concerns arising from the fact that the Middle East, as one of the stronger regions, is attracting a lot of industry interest. Christopher Dean, CEO of consultancy Team SAI says "the region is on the edge of overcapacity."
Even before the current downturn in business there was a risk of too many actors flooding the region, he says. With the Middle East slowing, while still remaining one of the few growth areas, the situation has become more severe. That could drive rates for support work down. Photo: Airbus
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Number of interests in MRO at DUB.........
Rumour has it that there may be a number of parties interested in taking over the business. Havent got the full details. Has anyone else heard any news ?
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An opportunity for O'Leary
I believe the diggers are on standby waiting on the word. dont know if any aircraft sill in the bays but rumour has it that they are winding down.
A workforce that took years to create will disappear in a cloud of dust to make way for new developments.... 1000plus jobs gone.....
Here's your chance Mick O'Leary to become a hero and do your fellow country men a big favour ....
A workforce that took years to create will disappear in a cloud of dust to make way for new developments.... 1000plus jobs gone.....
Here's your chance Mick O'Leary to become a hero and do your fellow country men a big favour ....
