Aero Vodochody Plans Personnel Changes At Avioane Craiova

Aero Vodochody is planning to change the personnel structure at Avioane Craiova, especially in the administrative department, according to Aero Vodochody PR Manager Jana Studnickova quoted by NewsIn. "We are expecting a few changes in the personnel structures, but no worker will be fired. The changes are focused on the administrative component," she said. Further information will be released after the company officially becomes the majority shareholder in Avioane Craiova. Jana Studnickova said the restructuring program would be similar to the one undergone by Aero Vodochody in 2006. At that time, of the total of 1,700 employees, 400 administrative staff were laid off. At the moment, the company has 1,300 employees and is planning to hire another 100 by the year-end. An additional 700 will be hired in the next three years. Aero Vodochody a.s. - Czech Republic was selected as the winner of the privatization process of Avioane Craiova. The Czech company bade 16.32 million EUR including 4.11 million EUR for the shares, development investments of 8.88 million EUR over five years, 3.3 million EUR as operating capital over the first six months and environmental investments of 30,000 EUR in the first year. Avioane Craiova was established in 1972 as an aircraft maker At the moment, it is the only military aircraft maker in Romania and is known for the model IAR 99 SOIM (Hawk), a NATO-compatible training aircraft for the Romanian Air Force. Aero Vodochody is a global leader in the production of military training aircraft.