Cessna Aircraft Announces 1,300 New Layoffs
WICHITA, Kan. (AP) — Cessna Aircraft Co., the nation's largest builder of corporate jets, has announced an additional 1,300 layoffs. The number means the company will have slashed its work force in half since the recession began.
Cessna said Friday the cutbacks will affect all the company's facilities.
Company spokesman Robert Stangarone says the first 800 jobs affecting mostly production works will get layoff notices by June 19. The company then will go into a previously scheduled furlough period from June 22 to July 17, and workers return 500 more will be issued layoff notices.
The company also announced an additional three-week furlough companywide on top of those moves.
Stangarone says even though the recession might have hit bottom, the aircraft industry lags behind the economy by about eight quarters.