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German Aircraft Manufacturer Fairchild Dornier Cuts 250 Jobs in San Antonio.
Knight Ridder/Tribune Business News, April, 2002
By Sanford Nowlin, San Antonio Express-News Knight Ridder/Tribune Business News
Apr. 4--Despite saying that its insolvency had no immediate effect on its operations here, Fairchild Dornier on Tuesday handed pink slips to more than a third of its 600 San Antonio workers and told the rest it doesn't have payroll money.
The German aircraft maker laid off about 250 people in San Antonio without offering them severance packages or extended health benefits, workers said.
"Even people who were there many years got nothing," said Michael Moore, a technical support specialist who lost his job Tuesday. "We got no vacation pay. We got no severance." Officials with Munich-based Fairchild told the remaining employees it doesn't have adequate cash to...
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