KF Aerospace lays off 8% of its workforce
Rebranding the company hasn’t helped KF Aerospace avoid the turbulence of the marketplace which has forced the company to cut jobs in both Kelowna and Hamilton.
President Tracy Medve was not available for interviews Friday as the Kelowna-headquartered company announced layoffs equivalent to eight per cent of its workforce.
However, Medve said in a media release the layoffs are in response to the loss last year of contracts for dedicated services provided to Purolator Courier and Canada Post.
Medve did not specify an exact number but the company is Kelowna’s largest private sector employer with 600 employees based here and 400 more at other locations.
The former Kelowna Flightcraft rebranded itself this spring as KF Aerospace.
In April, the company laid off 125 pilots, most of them based in Hamilton, in connection to the contract losses.
Medve said the company continues to seek growth through its military pilot training business, international cargo service and aircraft maintenance operations.