SR Technics announces plans to consolidate component services activities

SR Technics announced plans to consolidate its component services organization, and all supporting functions currently performed in London-Stansted, in Zurich. This step will allow SR Technics to further improve operational efficiency and productivity to lower operational costs, resulting in a more streamlined and leaner operation. Under this proposal, SR Technics will continue to operate its line maintenance business in the UK through its current line station network and will maintain and develop its logistics operations in the UK. It is planned to consolidate all logistics operations at the current London-Heathrow logistics center, which will drive greater productivity and assist in establishing SR Technics as a global leader in logistics management. SR Technics is entering formal discussions regarding these proposals with the trade unions and respective employee representative bodies in the UK.