From the Winnipeg Free Press:
WICHITA, Kan. - Cessna Aircraft announced Tuesday it will cut another 700 jobs, saying it has not seen the growth and recovery that it expected this year.
Cessna CEO Jack Pelton told workers in an email that the company's performance mirrored the "lacklustre economy."
"While cancellations have slowed, the recovery and growth we expected to see throughout the year have not materialized, and the timing of any recovery remains uncertain," Pelton wrote. "This requires additional adjustment to our production schedules."
The latest round of layoffs comes on top of 8,000 jobs Cessna has shed since late 2008 as it cut its workforce by half, Cessna spokesman Doug Oliver said.
Most of the layoffs have been at the firm's Wichita facilities, where 6,200 people now work compared with 12,400 in late 2008.
It is uncertain when the 60-day notices will start going out, Oliver said. The layoffs would be company wide.
The full article is here.
No comments:
Post a Comment
All comments are moderated before being posted. Postings are at the sole discretion of the blog moderator. Anonymous postings are no longer allowed. I encourage your comments, but put you name on the bottom line!