Fort Worth-based GDC Technics, an aeronautics interiors supplier, has filed for Chapter 11 bankruptcy, according to a report in the Wall Street Journal.
The report follows a filing by the company, which has operations in Fort Worth and San Antonio, that it was laying off 223 workers at the two locations.
The layoffs and bankruptcy filing follow a dispute between the company and Boeing Co. (NYSE: BA). In a lawsuit filed by Boeing, GDC Technics is behind schedule on work to be performed on two Air Force One aircraft.
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The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.