Maintenance firm Lufthansa Technik Airmotive Ireland's (LTAI) planned $40 million investment in a new Dublin engine line will go ahead following union acceptance of productivity proposals.
LTAI had issued lay-off protection notices to its 465 employees at the Dublin plant but, following talks between unions and Ireland's National Implementation Body, both jobs and the International Aero Engines V2500 engine work are safe.
"The V2500 [plan] is going full blast and a formal announcement will be made in the next week," says an LTAI spokesman.
"Job levels will stay the same, so there will be no redundancies; jobs were under threat but that is not the case any more.
"Investment will start almost immediately, in fact it is scheduled in the budget for this year. That will safeguard the V2500 and keep the line going for 15-20 years."
The spokesman adds that the investment is "up-front" for refitting the engine line.
LTAI also specialises in the maintenance and overhaul of CFM International CFM56 and Pratt & Whitney JT9D engines, but while the CFM56 has "quite a bit of mileage" the JT9D is "on its way out", says the spokesman.
Source: Air Transport Intelligence news
