Astronics Lays Off 30%, Sees Equal Revenue Loss

Aircraft seat technology and defense supplier Astronics has cut its 30% of its workforce ahead of what could be an equal amount of lost revenue this year due to the novel coronavirus outbreak, but it still expects a modest pretax earnings growth. “That’s a significant step-down, a very painful one...

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Astronics Lays Off 30%, Sees Equal Revenue Loss is published in Aerospace Daily & Defense Report, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

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