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Vector Aerospace bosses unable to provide job assurances

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Bosses at Vector Aerospace, one of the biggest employers in Perthshire, have failed to give assurances that jobs at the Almondbank plant are safe.

Following the announcement that the Canada-based company had been sold to European aviation and defence giant EADS, a diligence process is now being carried out.

As a result, Vector said it is too early to say what impact the £399 million buy-out may have and they were unable to make a comment regarding details of the transaction or potential activities surrounding specific facilities or product line operations.

While staff at Almondbank may still be facing uncertainties, the firm as a whole has been given reassurances that it will retain its independence, name and current management team.

EADS is also set to maintain the 50-50 split that the helicopter repair and maintenance firm already has in place between civilian and military sectors.

The company, with a turnover of £348 million and 2500 staff, will be merged into the existing support business of EADS’ helicopter arm, Eurocopter, boosting its engine maintenance capacity as well as its presence in the UK and North America.

EADS is a global leader in aerospace, defence and related services.

In 2010, the group — comprising Airbus, Astrium, Cassidian and Eurocopter — generated revenues of 45.8 billion euros and employed more than 121,000 people.