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American to shut Down Engine Plant 500 to lose JobsRolls Royce and American Airlines are shutting down a Texas plant that maintains and repairs aircraft engines (www.cnbc.com) More...
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The story said it was a 50-50 venture so give RR some of the shutdown credit too.
If it was a 50-50 "partnership" either party could shut it down, but apparently this was a mutual agreement. With the capital investment already in place and a skilled staff, it is a little surprising American didn't opt to expand the service beyond RR engines and/or other carriers.
Well, they have offered jobs to displaced workers so they ain't too bad/
I guess that some think a company can just snap its fingers and keep a plant running damn the cost. Business is what it is, make money. They already have other places doing overhauls on other engine types. I think also they are talking about shifting workers to other sites. Nothing new here.
Really only 100 in the area just enough to keep the union quiet.
Might be reasonable and prudent business plan to do that. It would require financial commitments that would thin out the quarterly numbers and affect CEO bonuses.