Heico Owners Acknowledge Stress, Cuts Amid COVID-19 Crisis

employee
Credit: Heico
Heico leaders said late April 15 they have laid off “some” employees across their aerospace and defense supplier portfolio and have cut work hours and pay at subsidiaries, but they are trying to avoid mass-layoffs as the COVID-19 pandemic rolls back the worldwide aerospace business. “We know it is a...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

Subscription Required

 

Heico Owners Acknowledge Stress, Cuts Amid COVID-19 Crisis is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

Already a member of AWIN or subscribe to Aerospace Daily & Defense Report through your company? Login with your existing email and password.

Not a member?  Learn how you can access the market intelligence and data you need to stay abreast of what's happening in the aerospace and defense community.