Dassault Falcon Jet on Friday confirmed a companywide workforce reduction amid what its CEO called “challenging” market conditions for the aviation industry.
In a statement, the French company said it had instituted “a less than” 6 percent reduction to its workforce, which includes its Little Rock completion center. The operation, which finishes out the firm’s line of 8X and 5X jets, employed about 2,000 workers as of fall 2015.
Dassault Falcon Jet is part of Dassault Aviation SA of Paris, which has more than 11,000 workers worldwide.
The move comes on the heels of an early-out program, a reduction in contractors and program that moved certain manufacturing, previously subcontracted, back in-house, the company said.
“The current business aviation market conditions remain challenging throughout our entire industry,” John Rosanvallon, the company’s president and CEO, said in a statement provided to Arkansas Business. “This is caused by worldwide economic and political uncertainty combined with a prolonged imbalance between supply and demand for new aircraft as well as a large inventory of pre-owned aircraft competing with new sales.
“In this very challenging environment, Dassault has made adjustments to the Falcon production schedule that make it necessary to reduce the number of employees.”