Q: Will there be any changes to Esterline’s employee salaries, compensation, or benefits as a result of the transaction?
A: Until the transaction closes, Esterline will remain a separate, independent company. It should be business as usual for Esterline employees with no immediate changes to jobs, salaries or benefits.
When you bring two companies together, there are always similarities and differences between compensation and benefits plans. In the coming weeks and months, Esterline and TransDigm will have more detailed discussions about how best to bring the companies together. To the extent there are changes after the transaction closes, we will communicate with employees as details are available.
Q: Will there be any changes in reporting relationships or job responsibilities?
A: Until the transaction closes, Esterline will remain a separate, independent company. It should be business as usual for Esterline employees and we do not expect any immediate changes to reporting relationships. In the coming weeks and months, Esterline and TransDigm will have more detailed discussions about how best to bring the companies together. To the extent there are changes after the transaction closes, we will communicate with employees as details are available.
Q: Will there be new opportunities in terms of jobs and relocation? Will I be asked to relocate?
A: It is still early in the process, and there are many decisions that have yet to be made, but we do expect this transaction could provide exciting opportunities for employees. We will provide more information as we can.
Q: Who will lead the combined company? Will any members of Esterline’s senior leadership team join the new company? What happens to the Esterline headquarters, name, brand, etc.?
A: The two companies will continue to operate independently with little expected changes until the transaction officially closes, but TransDigm has appointed their Vice-Chairman, Bob Henderson, to oversee the integration and Esterline operations through the transition. To the extent there are changes after the transaction closes, we will communicate with employees as appropriate.
Q: How will the transaction affect our relationships with customers?
A: This transaction offers significant opportunities for our customers, as the combined entity will be able to provide more solutions from a partner with larger scale and capabilities. Our customers will remain our top priority, and we will continue to meet customer needs with the same high quality service and products they have come to expect from us. Until the transaction closes, Esterline will remain a separate, independent company and there should be no impact on how we conduct business with customers.
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