Newspaper article The Canadian Press

Aveos Hoists 'For Sale' Sign Giving Employees Some Hope of Regaining Jobs: 'For Sale' Sign Raised on Insolvent Aveos

Newspaper article The Canadian Press

Aveos Hoists 'For Sale' Sign Giving Employees Some Hope of Regaining Jobs: 'For Sale' Sign Raised on Insolvent Aveos

Article excerpt

MONTREAL - A "For Sale" sign was officially hung on the door of insolvent aircraft maintenance firm Aveos on Friday, giving former employees some hope they may regain their jobs.

"I'm sure some people are really happy today," said Pascale Lambert, a marketing employee who helped organize job fairs earlier this month for ex employees.

But, a month without pay and employment insurance has tempered expectations.

"I'm sure the belief is not going to be as strong as a month ago that this can work, but it would be very nice," she said in an interview after receiving a small cheque for back pay.

Protests against the Montreal-based company have been diminishing as workers go to job interviews and accept to relocate.

Lambert doubted that all 2,600 employees will regain their jobs as Aveos' three divisions will likely be sold to several different buyers.

IAMAW district president Chuck Atkinson said he's optimistic that jobs can be protected, but he declined to say how many realistically can be preserved.

"Our intention is to make sure that we get all of our people back to work," he said in an interview.

Aveos has said that its airframe business was not viable, suggesting the most interest will be focused on the components and engine repair divisions.

"There's some light at the end of the tunnel, definitely," Atkinson said after a Quebec judge approved a two-month sales process.

Potential bidders will have until May 29 -- five weeks -- to prepare their offers for Aveos Fleet Performance.

Selected bidders will then have about 10 days to finalize their offers and waive any conditions, according to an order Friday by Quebec Superior Court Justice Mark Schrager.

Atkinson said it's premature to talk about what kind of sacrifices workers may be asked to make, but that the union would co-operate with any potential buyers.

German-based Lufthansa Tecknik is expected to be among the leading bidders. The company's subsidiaries employ 26,500 workers and serve 750 clients around the world. …

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