Sikorsky To Lay Off 1,400 as Oil Prices Weigh on Offshore Operators | Aviation International News

Sikorsky To Lay Off 1,400 as Oil Prices Weigh on Offshore Operators

The consequence is reduced production of medium and heavy helicopters.

By Thierry Dubois • Writer

June 5, 2015

Sikorsky will cut approximately 1,400 production-related jobs, the company announced this week. “Sustained decreases in oil prices continue to drive significant declines in capital investments by oil companies in offshore oil exploration projects,” a spokesman explained. The consequence is reduced production of medium and heavy helicopters. Demand also remains soft for “certain international military products.” The 1,400 layoffs include a mix of employees and contractors.

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