Northwest Aerospace News April | May Issue No.14 | Page 27

T
he company doesn’t provide original
design but instead they receive prints and
solid modeling. Their job is to provide a
First Article Inspection for AS9102. They
need to demonstrate quality and features,
handling heat treating, plating, anodiz-
ing and some sub-assembly. They work
with Novation in Spokane for painting,
plating and anodizing. Once Novation
has completed their portion, Teton re-
ceives the products back and verifies the
completed processes and specifications
before shipping to the customer.
Oyervides feels that an employee-owned
company is a great model, “An ESOP
can be very beneficial in several ways.
The ESOP is a qualified retirement plan
and as such, it can bring very long-term
rewarding benefits to employees long
after they leave our company.”
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He added that in an ESOP model their
employees are motivated because their
work directly affects the stock value,
“The improvements or mistakes that we
make every day directly impact our stock
value.”
Due to ownership, he also noted that
employees are motivated to learn and
improve upon their knowledge because it
can impact their bottom line and added,
“Structured properly, there are significant
tax benefits to the company as well.”
Karla Erickson has been working in
assembly at Teton since September 2019.
She applied because she was looking for
a full-time position in a stable company
with a good reputation. She said that she
didn’t fully understand what the compa-
ny did until she checked out the website.
She said, “What keeps me here is that
they are a family friendly, understanding
and rewarding employee-owned compa-
ny. I feel ownership and take pride in the
work I perform and hope to be here in
the years to come.”
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THE
FUTURE
75 Years of Ingenuity, Quality, and
a Commitment to Excellence
www.machinistsinc.com
(800) 244 - 4110
Parts - Assemblies - Tooling - Prototyping
APRIL | MAY 2020 ISSUE NO. 14
27