FACC Slows Croatian Plant Plans, Shelves 2019 Dividend

Austrian aerospace parts and services provider FACC said March 25 that “a large part” of its staff is expected to apply for “short-term work” starting April 6, and that it will revise plans to ramp up a new Croatian factory, as well as suspend its dividend payment to shareholders for 2019. The moves...
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.

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