GomSpace Slashed Workforce In 2019; ADS-B Spinoff Failed

Small-satellite manufacturer GomSpace last year cut more than 100 workers from its staff—which numbered 231 at the start of 2019—as it sought about $6.3 million worth of cost savings while wrestling with “the loss of the large Sky and Space Global order.” Managers of the Nasdaq-listed company...
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

 

GomSpace Slashed Workforce In 2019; ADS-B Spinoff Failed 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.