CINCINNATI -- Executive Jet Management is eliminating more than 50 jobs at Lunken Airport, as it exits the third-party maintenance business so it can concentrate on aircraft management and charter services.
The company notified employees of the change this week and filed a WARN Act notice with the state of Ohio to comply with federal rules about downsizing. The Worker Adjustment and Retaining Act requires companies to notify states about job reductions expected to reduce employment by at least 50 employees.
A company spokesman said Executive Jet Management has about 300 employees at Lunken Airport, including 70 who work under maintenance contracts for third parties.
“This difficult decision will result in some job reductions over time at two facilities” in Cincinnati and White Plains, N.Y., said Marc Drobny, President and COO of Executive Jet Management, in a note to employees.
“These teams have performed superbly and we understand the impact this will have on them,” Drobny said. “We greatly value the contributions they have made to our company, and will be providing them with assistance to help ease the transition.”
Executive Jet Management is part of Net Jets, a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.
