Triumph Group has updated the impact and the mitigation response steps during the coronavirus (Covid-19) pandemic. Credit: Viktor Forgacs on Unsplash.

Visit our Covid-19 microsite for the latest coronavirus news, analysis and updates

Follow the latest updates of the outbreak on our timeline.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Triumph Group has announced furloughs for nearly 2,300 employees working across its plants in the US and Europe to reduce capacity associated with Boeing Commercial Aircraft programmes.

The company’s latest move is part of measures taken during the impact of the coronavirus (Covid-19) pandemic on the business.

Triumph’s announcement comes after Boeing extended the closure of factories in Washington and closed its Charleston, South Carolina plant until further notice.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The furlough period will last from two to four weeks and covers medical premiums belonging to the employee’s share. However, Triumph plants will continue to operate, meeting other customer demands.

The decrease in demand will eliminate about 200 full-time positions by 1 May 2020. Severance will be paid to impacted employees.

Supply chain demand will be adjusted with updated original, equipment, manufacturer (OEM) production and aftermarket forecasts. This will reduce working capital requirements.

Only two facilities of Triumph, Zacatecas and Mexicali in Mexico continue to operate. Together, the facilities employ approximately 1,900 individuals.

The factories comply with a government mandate for 30-day closure of non-essential operations effective from 31 March 2020.

Additionally, the company is working to limit the spread of the virus with plants temporarily closed for deep cleaning, employees provided with thermometers for self- check and given face masks to use onsite.

Triumph Group president and CEO Daniel Crowley said: “Though the spread of the Covid-19 virus appears to be slowing, its swift impact on the global aerospace industry and supply chain is resulting in significant reductions in air traffic and disruptions to our supply chain as our commercial customers and suppliers reduce output or halt production.

“At the same time, our customers are counting on us to provide essential services for their military, cargo and medical transport missions and to be prepared for the post-crisis recovery.”