9-Sep-2016 Source: HeliHub.com
Erickson Air Crane has been reported by WFTV to have laid off 100 workers this quarter in an attempt to settle financial difficulties. The company itself owes Wells Fargo $140 million. The company’s shares have already dropped from $2.19 per share down to $0.48. Erickson’s CEO has made a written statement saying that 10% of the 800 employees will be let go, focusing on the managerial positions.