Fears for jobs at FLS following takeover
FLS Aerospace, formerly TEAM Aer Lingus, has been acquired by Swiss firm SR Technics in a deal worth €47 million in cash and assumption of the pension fund deficit of €82 million.
Last month FLS, which has 1,500 workers in Ireland, announced a restructuring of its operations with hundreds of job losses at its Stansted, London, base. At the time the Dublin operation was unaffected, but a spokesperson for FLS yesterday said the company could not rule out cuts among its Irish workforce and it was also looking to change working practices.
